#usdcad #forex #trading USDCAD on the 4h chart is showing a corrective move after completing five waves to the downside. Price has now pulled back into the key retracement zone around the 61% level which also matches a previous supply area. This zone is acting as resistance and the structure suggests sellers may step back in. If rejection holds the market is likely to continue lower toward the base of the move. The focus remains on how price reacts within this highlighted zone before confirming the next leg down.