USD/CAD - Is This Rally About to Reverse?U.S. DOLLAR / CANADIAN DOLLARFX_IDC:USDCADWicklineUSD/CAD has ripped from around 1.3760 to nearly 1.4150 in just a few weeks. That's an impressive run — but things on the chart are making me think this rally may be close to running out of road. Zoom out to the monthly chart and USD/CAD is now testing a resistance zone that has rejected price sharply on multiple past occasions. A level that's turned price away before carries more weight each time it gets retested — and this rally is arriving at that exact shelf after barely pausing to breathe. The daily chart shows the same stop-hunt setup On the daily, there's another swing high just below the bigger resistance zone. Traders who shorted early would have stops sitting above it — exactly where price is pushing into right now. A sweep of those stops, followed by rejection, is a classic setup for a reversal. 📍 Resistance zone: 1.4124–1.4200 🎯 Downside zone to watch on a turn: 1.3943–1.4124 🚫 Idea weakens if price closes decisively above 1.4200 The lesson here: don't short just because price "looks high." Wait for confirmation — a shift from bullish to bearish structure on the lower timeframes (4H breaking down) is what turns this from an idea into an actual trade signal. #USDCAD #Forex #TechnicalAnalysis #TradingEducation