The H4 chart of USDCAD is showcasing a potential buying opportunity. Since the last candle, the price has been consolidating around the 1.3600 level, with a slight upward bias. The low of the last candle, 1.3596, has been acting as a support zone, with the price bouncing back multiple times. This indicates a strong buying interest in the market. Additionally, the volume has been increasing, which confirms the strength of the move. From a technical standpoint, the 20-period moving average is acting as a support, and the relative strength index (RSI) is in the oversold zone, indicating a potential bounce.…

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