On the H4 timeframe for USD/CAD, the price has been consolidating between 1.3800 and 1.3850 since mid-May, with recent candles showing a bullish bias. The latest close at 1.38441 near the upper end of this range suggests potential exhaustion of the consolidation phase. A strong volume spike of 23833 in the preceding candle indicates heightened participation, aligning with the breakout pattern. Key support at 1.3802 (sl) and resistance near 1.3852 (recent high) form a tight range, with the price currently poised to test the upper boundary. The recent close above 1.38441, combined with higher volume, validates the strength of the…

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