On the H4 timeframe for USDCAD, the recent price action reveals a potential reversal setup. The pair has been in a sustained downtrend, marked by consecutive lower highs and lows, but the latest candle closes at 1.40285, forming a key support level. The preceding candle (1.40416) shows a strong bullish close near this support, indicating buying pressure that may signal a trend reversal. Volume spikes in the last few candles, particularly at 1.40285 (12948), confirm the strength of this support zone, suggesting a possible consolidation or bullish setup. The current close near the support aligns with the signal's buy recommendation,…

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