Signal USDCAD Buy — M15 - July 15, 2026 02:33 GMT-4
On the M15 chart the USDCAD has been consolidating around 1.410‑1.406 after a clear down‑trend from early July. The most recent 15‑minute candles show a series of higher lows, with the last three bars closing above the prior lows and volume modestly increasing (≈1,200‑1,600 contracts), indicating buying pressure. The 1.4060 level now acts as a strong support, previously tested on 2026‑07‑13 and holding with low volatility. A bullish engulfing formation formed at 1.4058‑1.4062, confirming momentum reversal. The break above the 1.4055 pivot, coupled with rising volume, suggests the market is ready to retest the 1.410 resistance. The stop‑loss placed just…