USDCAD Bearish Breakdown | Liquidity at 1.3900 in FocusU.S. DOLLAR / CANADIAN DOLLARFX_IDC:USDCADXAUApex🔹 USDCAD technical analysis shows a clear bearish shift in market structure after price faced repeated rejection near the 1.4280–1.4300 resistance zone. The pair has broken below the ascending trendline, suggesting that bullish momentum may be weakening and sellers are gaining short-term control. The recent downward move indicates a potential continuation of bearish price action, while the highlighted liquidity area around 1.3890–1.3910 stands out as a possible downside draw. This zone could attract attention if selling pressure persists. 🔸 If bearish momentum continues, USDCAD could move toward the marked liquidity area, where price may react or consolidate. However, a recovery above the broken trendline could suggest a potential retest of resistance and a shift in short-term momentum. Traders may wait for clear price confirmation and a reaction around key support or resistance before considering any trade. If the liquidity zone fails to hold, further downside could emerge, while a strong rejection from support may encourage a corrective rebound. This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.