Signal USDCAD Sell — H4 - June 24, 2026 03:29 GMT-4
The H4 chart of USDCAD reveals a bullish trend with consecutive higher highs and lows, but recent consolidation near the 1.4224 high suggests exhaustion. The close at 1.42147 following a failed attempt to break above 1.4224 indicates weakening momentum, supported by lower volume (8174) compared to prior bullish rallies. Key resistance at 1.4224 has been tested multiple times, yet price struggles to hold above it, signaling potential bearish reversal. The pair has been range-bound between 1.41302 and 1.4224, with the current high acting as a critical psychological level. A breakdown below 1.4224 could trigger a retest of the lower support…