On the H4 timeframe for USDCAD, the price has been consolidating near key resistance levels following a series of higher highs and lower lows. The most recent candle (1780459200) closed at 1.38441, testing the 1.3854 high with increased volume, suggesting strength in the bullish setup. The close above the prior high, combined with a bullish engulfing pattern in the preceding candles, indicates a potential reversal from a consolidation phase. Support at 1.38072 has held consistently, acting as a critical floor for the uptrend. The current structure shows a clear bullish bias, with the price forming a base near the 1.3854…

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