Thoughts on USDCAD at 1.40 Resistance

Been watching $USDCAD closely this week, and it seems to be really struggling with that 1.404 level. We bounced off it a couple times yesterday, and again today we're seeing sellers emerge as it tests that zone around 1.40429. It feels like a pretty strong overhead resistance for now. My scenario is we could see a continued rejection from here, potentially looking for a retest of the 1.40052 area or even lower if the dollar weakness persists. The risk that would invalidate this view for me would be a sustained break and close above 1.405. If we get a convincing close above that, then the short-term picture would shift quite a bit, and I'd be rethinking the downside potential. Always curious to hear other perspectives on this pair.