The USDCAD H4 chart displays a clear bullish trend with consecutive higher closes and increasing volume, indicating strong buying pressure. The recent consolidation phase has formed a base near the key support level of 1.38417, where price found traction after a pullback. The closing action above the previous swing low at 1.37951 suggests a potential reversal, with volume spikes confirming the strength of the bullish move. The current structure shows momentum building toward the recent high of 1.38541, which acts as a dynamic resistance. With the price consistently closing above the 20-period EMA and the RSI showing overbought conditions, the…

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