The USDCAD pair on M15 timeframe shows a bearish setup following a recent consolidation near key resistance at 1.4216. The last three candles prior to the signal close at 1.42141, forming a descending structure with lower highs and lower lows. The high of 1.4216 acts as a critical resistance level, while the recent low at 1.41886 (from earlier data) serves as strong support. Volume on the entry candle (870) is notably higher than surrounding periods, indicating increased selling pressure and potential confirmation of a trend reversal. Price has been testing the upper boundary of the consolidation range, with the close…

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