On the H1 timeframe for USDCAD, the price has been consolidating above key support levels, with a clear bullish trend emerging from the recent candle patterns. The last few candles show a series of higher lows and higher highs, indicating strong momentum and potential for further upward movement. The most recent high at 1.38541 was marked by elevated volume, suggesting robust buying pressure that could validate a breakout. The current close near 1.38446 has retraced slightly but remains above the critical support at 1.3841, which acts as a psychological barrier and potential reversal zone. With the pair showing resilience above…

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