On the H4 chart of USDCAD the market has been carving a higher‑low, higher‑high structure since the early May swing. The last three candles closed above the 1.3830‑1.3840 zone, with each close beating the prior high and volume expanding on the breakout, confirming bullish momentum. The 1.3795 level, tested on the 2026‑05‑31 pull‑back, now acts as a solid support; the stop is positioned just under this floor, giving the trade a comfortable risk‑to‑reward profile. On the upside, the next major resistance lies near the 1.392‑1.393 range, where previous rallies stalled, making it a logical target. The confluence of a rising…

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