USD/CAD: Bearish Structure Intact — Wait for the RetestUSD/CADOANDA:USDCADKingCephas2026USD/CAD continues to trade with a strong bearish structure after breaking below the 1.3780 support zone. Price is currently around 1.3763, with momentum still favouring the Canadian dollar. 📉 Technical Structure The market continues to produce: Lower highs → lower lows → support breaks Key levels on my chart: 1.3780–1.3800 → first resistance/retest zone 1.3845–1.3860 → deeper retracement/resistance 1.3880 → 78.6% Fibonacci area 1.3760–1.3755 → current downside zone The stochastic is recovering from oversold territory, so I am not interested in chasing the current move lower. 🎯 Trading Plan My preferred scenario is: USD/CAD retraces → retests 1.3780–1.3800 → bearish rejection → continuation lower. A deeper retracement toward 1.3845–1.3860 could provide an even better short opportunity if the bearish market structure remains intact. 🔥 Fundamental Drivers The bearish USD/CAD thesis is being reinforced by: 🇨🇦 Stronger Canadian inflation 🛢️ Oil strength 🇺🇸🇨🇦 US–Canada trade-deal optimism 💵 Broad USD pressure 📉 Recent Treasury-market developments The Fed's slightly hawkish tone is a counterforce, but so far price action is favouring CAD strength. ⚠️ Invalidation A sustained reclaim of 1.3860, followed by a break above 1.3900, would force me to reassess the bearish thesis. Current bias: BEARISH 🔴 I would rather sell a confirmed retest than chase the breakdown. The trend has already shown us the direction. Now we wait for the market to give us the entry. Trading Advantage™ #USDJPY #USDCAD #Forex #ForexTrading #TechnicalAnalysis #PriceAction #Fibonacci #CAD #USD #TradingView #TradingAdvantage #RiskManagement #DayTrading