On the H1 chart for USD/CAD, the recent price action shows a clear bullish setup. The closing prices have formed a series of higher lows since the June 12 low, with the last three candles closing near 1.40015, indicating a strong uptrend. The high of the most recent candle (1.40016) breaks above prior resistance levels, suggesting momentum is shifting higher. Volume remains elevated throughout the sequence, confirming institutional buying pressure and validating the bullish structure. The market appears to be consolidating near key support at 1.39857, which acts as a psychological floor, while the recent highs hint at potential for…

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