On the M5 timeframe for USDCAD, the price has been in a corrective phase following a downtrend, with recent candles showing a potential reversal setup. The pair broke below key support at 1.40326, but the subsequent bullish rebound to 1.40426 suggests a temporary bottom. The latest candles exhibit lower volatility, with a close near the 1.40366 level indicating accumulation activity. Volume remains moderate, aligning with the consolidation phase, though recent spikes in volume during the bounce may signal institutional interest. The current structure shows a bearish bias, but the recent lows near 1.40326 act as a critical support level, with…

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