On the H1 timeframe for USDCAD, the recent price action reveals a strong bullish trend with consecutive higher closes and increasing volume. The last 10 candles show a consolidation phase around 1.3840-1.3858, but the final candle closed at 1.38569, breaking above the prior high and signaling a potential reversal. Bulls have maintained control with consistent volume spikes, especially in the last three candles, confirming the strength of the upward move. The close above 1.3858 suggests a shift in momentum, with key support at 1.38432 (the low of the previous candle) acting as a critical level for potential retracement. Given the…

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