The H1 chart for USDCAD reveals a clear bearish reversal following an extended bullish phase. Recent price action shows a failed attempt to break above the key resistance at 1.4212, with the close below this level signaling waning buying pressure. The candle closing at 1.42053 (1783080000) marked a high near 1.4212, but subsequent candles displayed lower highs and lower lows, confirming the downtrend. Volume on the entry candle (1.4212) was relatively low, indicating weak confirmation of the reversal. The pair is now testing critical support at 1.4185, with recent closes hovering near this level, suggesting potential for further declines. The…

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