On the H4 chart of USD/CAD the market has been carving a clear bullish channel since early May. Each successive candle has produced higher highs and higher lows, with the recent 1.38473‑1.38541 bar extending the swing‑high and the 1.38357‑1.38368 candle defending the prior low, confirming a firm support zone around 1.3805‑1.3810. Volume has risen sharply on the upward moves, especially the 24,019‑volume bar that pushed the price to 1.38515, indicating strong buying interest and momentum. The price now sits just below the next resistance cluster near 1.3860‑1.3870, providing a clean entry point for a long position. A stop‑loss placed just…

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