USD/CAD Intraday Signal: Bearish Below 1.3700
Analysis
USD/CAD is in a clear bearish trend with consecutive BOS formations, confirming strong downside continuation. The structure shows persistent lower highs and lower lows, with multiple supply zones left above, indicating institutional selling pressure remains active.
The latest move created a weak low around 1.3630, followed by a shallow pullback. This type of reaction suggests lack of strong buying interest, increasing the probability of another liquidity sweep below the current low.
Price is currently trading beneath key intraday supply zones (1.3700–1.3780), meaning any upward movement is likely corrective. As long as price remains below these zones, the bias stays decisively bearish, targeting deeper liquidity pools below.
Trade Setup
Enter: Sell below 1.3630
Stop-Loss (SL): 1.3705
Target A: 1.3580
Target B: 1.3520