USDCAD Overview.

The USD/CAD 4-hour chart shows a bearish setup, with price action likely to revisit the Fair Value Gap (FVG) between 1.35552 and 1.35899 before continuing its downward movement. The recent break of structure (BOS) at the 1.35324 level confirms a shift in market sentiment, with sellers gaining control.

The price is expected to make a short-term pullback into the FVG, where it may face resistance, but it’s unlikely to reach the liquidity zone marked with "$$$" above. After tapping into the FVG, the market is anticipated to reject this level and resume its bearish trend.

The final target for this move is around 1.33748, with a stop-loss placed just above the FVG at 1.35900 to manage risk.

USDCAD