USD/CAD, the currency pair representing the exchange rate between the US dollar and the Canadian dollar, has been experiencing a downtrend on the H4 timeframe. The current market conditions suggest a continuation of this trend. The recent candles show a series of lower highs and lower lows, indicating a bearish momentum. The price has been trading below the 50-period moving average, further reinforcing the bearish sentiment. The volume has been relatively low, but the recent increase in volume on the sell-side suggests that the bearish move has some strength behind it. The RSI (not shown) is also in the oversold…

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