On the H1 chart, USDCAD has been ranging between 1.395 and 1.402, but recent higher highs and a 50‑period moving average sitting below price indicate a clear bullish bias. Volume spikes during the upward moves—most notably the 7,102 contracts when price rose from 1.40005 to 1.40165—confirm the strength of buying pressure. The RSI hovers around 58, staying comfortably above the 50‑line, while a short‑term upward trendline drawn from the low at 1.3955 to the recent high at 1.4018 remains intact. The next resistance lies near 1.4015‑1.402, and support is anchored around 1.3973. A buy entry near the current price aligns…

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