On the H4 timeframe for USDCAD, the price has been consolidating near key resistance levels following a strong bullish trend. Recent candles show higher closes and increasing volume, indicating sustained buying pressure. The pair has formed a series of higher lows, with the latest close at 1.38526 (1780473600) and a high of 1.38583, suggesting potential momentum buildup. The current structure appears to be testing a critical resistance zone around 1.3855-1.3858, which has been breached multiple times recently. Volume spikes on the recent candles, particularly at 1.38281 and 1.38406, confirm the strength of the bullish retracement. With the price consolidating above…

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