On the H1 chart of USD/CAD the market has been consolidating between 1.3830 and 1.3845 for several sessions. The most recent candles show a decisive close above the 1.3845 level, with the high of 1.3854 confirming a breakout. Volume, while tapering from earlier peaks, remains above the 2,000‑3,000 range, indicating that the upward move is not purely noise. The breakout is supported by a series of higher closes and a tightening range, suggesting that buying pressure is re‑asserting control. The nearest strong resistance lies near 1.3880‑1.3890, while the last swing low around 1.3833 provides a logical stop level. Given the…

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