USD/CAD - Sellers Control Next Waves

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USD/CAD - Sellers Control Next WavesUSD/CADOANDA:USDCADAuricVerse_HQHi traders, does this consolidation look like a recovery or just a pause before another leg lower? USDCAD remains structurally weak after the sharp breakdown from the 1.3910–1.3930 area. Price is still trading below the Ichimoku Cloud, and the current rebound has struggled to build momentum. The area I’m watching is 1.3857–1.3881. If price continues to fail inside this sell zone, I favor another move lower toward: 🎯 Target: 1.3820 Macro also leans slightly bearish for the pair. Canadian inflation accelerated to 3.0% YoY in July, helping the CAD strengthen after the release, while Brent crude has pushed above $91 amid renewed Middle East supply concerns — another supportive factor for the oil-linked Canadian Dollar. The counterweight is rising US Treasury yields and a modest Dollar recovery, so I wouldn’t chase the move at current lows. A sustained H1 move back above 1.3881 and into the cloud would weaken the bearish setup. AURICVERSE View: the breakdown has already shifted the structure. For now, 1.3857–1.3881 looks more like a sell-the-rally area than the start of a real recovery. How are you reading this structure? Share your view below.