USDCAD - Watching 1.4050 Potential Resistance

Hey everyone, wanted to throw out some thoughts on $USDCAD. I've been tracking it pretty closely today, and with the price action hovering around 1.40226 right now, I'm eyeing the 1.4050 area as a potential short-term resistance. Looking at the daily, we've had some strong moves lately, and it feels like there could be some profit-taking or supply kicking in around that level. It's a psychological level too, which sometimes adds to the weight.

My thinking is that if we see a clear rejection or signs of exhaustion around 1.4050, especially if accompanied by lower volume on that push up, it could signal a pullback. The risk that invalidates this idea for me would be a clean break and hold above 1.4050. If it starts consolidating above that, my bias would definitely shift, and I'd be looking for higher levels. Just wanted to put it out there and see what others are thinking on this one.