On the H1 chart for USDCAD, the price has been in a consolidation phase near the key support level at 1.41788, with recent closes hovering around 1.41953. The entry level at 1.41972 coincides with a low marked by elevated volume (6894), signaling strong buying interest. This volume spike confirms a potential reversal from the downtrend, as the price has failed to break below the support level multiple times. The recent bullish candlestick patterns, including higher closes and a bullish engulfing setup, suggest a shift in momentum. The pair has been range-bound between 1.41788 and 1.42447, with the current consolidation likely…

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