On the H1 chart for USDCAD, the price has been consolidating within a range between 1.4180 and 1.4200, with recent candles showing a pivotal breakout above the prior high of 1.4200. The breakout was confirmed by a surge in volume (3668) during the closing phase, indicating strong institutional buying pressure. The close at 1.41924 suggests the breakout was partial, with price retracing slightly but maintaining above the key support level of 1.41788. This implies a potential bullish reversal, as the price is now testing higher resistance near 1.4200. The recent consolidation phase has created a clear setup for a continuation…

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