On the H1 chart for USDCAD, the price has been consolidating between 1.3835 and 1.3848 since the 2026-05-29 session, forming a tight range with mixed volume. The latest candle closing at 1.38484 marks a higher high, suggesting bullish momentum. Volume spikes to 2232 in this candle, indicating stronger buying pressure compared to prior consolidation phases, which validates the breakout potential. The immediate support at 1.38352 (previous low) and nearby resistance at 1.38484 create a clear setup for a bullish reversal. Price action shows resilience above the 1.38352 level, with consecutive closes near the upper end of the range, hinting at…

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