Signal USDCAD Buy — H4 - May 5, 2026 21:08 GMT-4
The recent price action in USDCAD on the H4 timeframe presents a bullish scenario. Following a brief dip to 1.36024, the pair rebounded and has been trading within a narrow range. The high volume during this period, particularly around the 1.36677 and 1.36722 levels, indicates strong buying interest. This is further supported by the increasing momentum, as evidenced by the rising highs and lows. The current price, 1.36157, is situated above the 50-period moving average, reinforcing the bullish bias. A break above the resistance at 1.3626 could trigger a move towards the target price of 1.36924. The stop-loss at 1.35453…