USDCAD Consolidation bearish momentum remainUS Dollar vs CanadianICMARKETS:USDCADMR_GOLD_12SD/CAD is showing increasing bearish pressure after repeatedly failing to break above the resistance zone and Price has been trading inside a broad range, but buyers have lost momentum and the pair is now testing an important support area. Fundamental side, USD/CAD is highly sensitive to U.S. Dollar strength, Canadian economic data, crude oil prices, and major U.S. news releases. Strong Canadian employment or inflation data, rising oil prices, or weaker-than-expected U.S. economic numbers can strengthen the Canadian Dollar and push USD/CAD lower. Conversely, stronger U.S. data or a more hawkish Federal Reserve outlook could provide temporary support for the pair. High-impact events such as FOMC statements, U.S. CPI, Non-Farm Payrolls (NFP), GDP, and Bank of Canada updates may increase volatility and determine whether price breaks out of the current range. Resistance 1: 1.4215 / 1.4230 Support 1: 1.4160 / 1.4140 As long as price remains below the recent resistance zone, sellers have the advantage. A confirmed break below 1.4160 could open the way toward 1.4140 and 1.4100, while a recovery above 1.4215–1.4230 would weaken the bearish scenario. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.