The H1 chart of USDCAD reveals a bearish trend, with the price forming a series of lower highs and lower lows. The recent candlestick pattern indicates a strong selling pressure, as the price broke below the key support level of 1.366. The volume analysis supports this bearish trend, as the volume has been increasing on the downside, indicating a strong sentiment among sellers. This setup suggests that the price may continue to decline towards the next support level of 1.365. The selling pressure is expected to persist, as the moving averages are trending downwards, indicating a strong bearish momentum. The…

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