The USD/CAD cross represents the exchange rate between the United States dollar and the Canadian dollar, reflecting relative monetary policy expectations and commodity flows. On the M5 chart, price has established a decisive bearish sequence, steadily retreating from the 1.3735 region toward current lows near 1.3683. Selling pressure is clearly validated by expanding volume during each downward impulse, particularly the spike to 430 units that accompanied the break below 1.3710. Momentum indicators are aligning with this distribution phase, as consecutive closes trade near session lows and fail to reclaim immediate resistance. The market structure shows lower highs and lower lows,…

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