On the H4 chart of USD/CAD, the recent 4‑hour candles reveal a classic peak‑and‑reverse pattern. After a sustained rally that pushed the price to a high of 1.42448, the candle at 1.42284‑1.42448 closed lower, while volume fell from the earlier 30k peak to under 12k, indicating exhaustion of buying pressure. The descending close below the prior swing high creates a bearish break of short‑term resistance, and the price now sits beneath the 1.4240–1.4250 zone, forming a new upper boundary. Momentum indicators would likely turn negative, and the lower‑high formation suggests a developing downtrend. Given the break of resistance and the…

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