USD/CAD Breakdown: From Stop Hunt to Bearish Reversal Signals
USD/CAD recently saw a classic stop hunt, pushing price above key resistance near 1.3790 to trigger stops. However, this move lacked follow-through and quickly reversed, breaking support and signaling a bearish shift. Watch supply zones around 1.3740-1.3760 for selling pressure, with key support near 1.3650 and 1.3590 levels. Sellers appear to have regained control after the speculative climax. Full analysis by LordOfCharts: https://www.tradingview.com/chart/USDCAD/D8Cs5bb9-USD-CAD-From-Stop-Hunt-to-Bearish-Shift/
