The H4 chart of USD/CAD reveals a bullish breakout from a consolidation phase, with price testing higher highs and lows since the 2026-05-20 closing. The recent cluster of candles shows a range-bound structure between 1.3800 and 1.3850, with the last close at 1.38441. The breakout candle (1.38525) exceeds the prior high, signaling potential trend continuation. Volume on this candle (12054) is notably higher than preceding sessions, validating the strength of the move. The formation suggests a retest of key resistance near 1.3850, with buyers stepping in to push price higher. The SL at 1.38057 aligns with the consolidation low, providing…

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