SELL USDCAD – 1.36303

The H4 chart shows a well‑defined order block where price previously found resistance, followed by an equal high‑low sweep that confirms the exhaustion of buying pressure. Although the higher‑timeframe bias appears bullish, the immediate structure on the 4‑hour and 1‑hour charts aligns with a downward move, creating a multi‑timeframe conflict that often precedes sharp reversals. Volume is elevated, indicating aggressive positioning, and the stop loss is placed at the recent swing high (structure level) to protect against a breakout. On the fundamental side, the latest CPI release has calmed the DXY, limiting further USD gains, while the CAD remains under pressure from weaker commodity prices and a modest risk‑off tone. Together, these factors make a short position at 1.36303 with targets at 1.36205, 1.36121 and 1.35953 a statistically favorable trade.