🔎Current status

USD/CAD is moving within a clear descending channel, which reflects the overall negative structure on the daily frame 🔻

📍Where are we now?

Price is retesting a strong cross between:
• Upper boundary of the descending channel 🔴
• Horizontal resistance areas are marked blue 🔵

This type of crossover often creates an area of ​​selling pressure.

📉 Preferred scene

✅ As long as the resistance area remains the same
We will be looking for selling opportunities in downtrends on smaller time intervals 🎯
The purpose is to complete the movement within the channel.

❌ A clear breakout of this area may temporarily weaken negative conditions.

Is the seller starting a new round? 🤔

⚠️Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Trading involves risks and money management must be observed.

Tickmill – Precision Trading ~

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