USDCAD Bearish Rejection from Supply Zone US Dollar/Canadian DollarFX:USDCADAlpha_Trade_ScopeUSDCAD is showing signs of bearish pressure after rejecting a key supply/resistance zone around **1.3820**. Price rallied into the highlighted resistance area but failed to secure a breakout, leading to a rejection and potential continuation to the downside. The Ichimoku cloud is acting as dynamic resistance, while recent price action suggests sellers are defending the upper zone. If the pair remains below **1.3820**, bearish momentum could increase, with a move toward the marked support area becoming more likely. **🎯 Target:** **1.37695** **Key Levels:** * **Resistance:** 1.3820 – 1.3830 * **Current Bias:** Bearish * **Target Zone:** 1.37695 * **Invalidation:** Sustained break and close above 1.3820 Traders may watch for further bearish confirmation below the resistance zone before targeting the next support level at **1.37695**.