On the M5 chart of USDCAD the market has been carving a higher‑low, higher‑high structure since the early June swing. The last three candles closed above their opens, with the most recent bar (1.39859‑1.39861) holding the session high and forming a modest bullish engulfing pattern. Volume surged above 700 contracts during the breakout around 1.3966‑1.3971, confirming strong buying pressure, while recent bars have settled around 300‑400 contracts, indicating balanced but still aggressive participation. The 1.3982 level now acts as firm support – it was the low of the 1.3979‑1.3982 consolidation and aligns with the prior M5 swing low. If price…

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