USDCAD

This chart shows a **USDCAD 1-hour analysis** with a clear **bearish bias**.

### Key points:

* **Weekly Area of Interest (AOI)**: Around 1.37818–1.38109 — strong resistance area where price previously rejected.
* **Daily AOI target**: Around 1.35953 — expected final target of the move.
* **Price structure**:

* The market is forming **lower highs and lower lows**, suggesting a downtrend.
* Price is currently below the **50 EMA (blue)** and testing the **200 EMA (red)**, showing weakening bullish momentum.
* **Volume Profile**: High volume node left behind above current price, indicating a likely area of supply/resistance.
* **Expected move**: A **pullback and consolidation** is anticipated, followed by a **strong bearish continuation** towards the Daily AOI zone.

This is a **short setup** based on market structure, EMAs, and volume profile, targeting a deeper retracement.