On the H1 chart of USDCAD, the price has been consolidating between 1.38357 and 1.38491 since the previous session, forming a narrow range with mixed volume. The last few candles show a bullish bias, with the close approaching the upper boundary of the consolidation. The recent low at 1.38357 acts as a key support level, while the high at 1.38491 serves as resistance. The breakout above 1.38491 is confirmed by higher volume in the final candle, indicating potential buying strength. The current setup suggests a continuation of the uptrend, with the price likely to test higher as it breaks out…

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