Post #4240

📉USD/CAD H2 Scenario – Technical & Fundamental Outlook 💡 USD/CAD has confirmed a channel breakdown after failing to sustain gains above the 1.3860–1.3880 resistance zone. Current price action shows bearish momentum, with sellers eyeing deeper retracements. 📊Technical Analysis 📎 The ascending channel structure has been decisively broken, shifting bias to the downside. 📎 Immediate support sits near 1.3780–1.3760, with extended downside potential toward 1.3740 if momentum accelerates. 📎 Market structure is transitioning from higher highs to lower highs, reinforcing bearish sentiment. 📰Fundamental Context 📎 The USD remains under pressure as markets price in a slower Fed stance, following softer U.S. economic data and rising expectations of a 2026 rate adjustment. 📎 The CAD gains support from firmer crude oil prices, as supply concerns and resilient demand continue to underpin commodity-linked currencies. 📎 Upcoming Canadian CPI & U.S. retail sales data will be key catalysts, potentially accelerating volatility and confirming directional bias. ✅Bias: Bearish while below 1.3860, with targets toward 1.3780 → 1.3740. A sustained recovery back above 1.3880 would invalidate this setup and shift sentiment. — 📣 Join @SHADOWTRADERFX for real-time setups, smart money insights & exclusive trading strategies!