The H1 chart of USDCAD displays a bullish breakout pattern following a consolidation phase. The price has formed a series of higher lows since the recent low at 1.41908, with key support emerging around 1.4190-1.4195. The entry candle (1.42035) closed above this support with strong volume (6894), indicating buying momentum. The recent range between 1.419 and 1.424 suggests a potential reversal setup, where the price is now testing the lower end of the consolidation. The current close near 1.41945 aligns with the support zone, offering a high-probability entry for a bullish move. Volume remains elevated during the consolidation, confirming institutional…

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