USDCAD is respecting a strong ascending channel structure, with price reacting perfectly from multiple support and resistance zones. After a clean bullish rejection from the lower trendline, buyers pushed the market toward the upper channel resistance.
Currently, price is showing bullish momentum inside the channel, and if buyers maintain control, the next upside targets are around 1.37022 and 1.37393. A breakout continuation could trigger further bullish expansion in the coming sessions.
Traders should watch for confirmation candles and momentum continuation before entering. The overall structure remains bullish unless price breaks below the channel support.
Currently, price is showing bullish momentum inside the channel, and if buyers maintain control, the next upside targets are around 1.37022 and 1.37393. A breakout continuation could trigger further bullish expansion in the coming sessions.
Traders should watch for confirmation candles and momentum continuation before entering. The overall structure remains bullish unless price breaks below the channel support.
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