USD/CAD Eyes Breakout Above 1.38 as Weekly MACD Flashes BullishUS Dollar vs CanadianPEPPERSTONE:USDCADdavid_asamoah2716USD/CAD Eyes Breakout Above 1.38 as Weekly MACD Flashes Bullish Signal USD/CAD Weekly Technical Outlook The pair is approaching a key resistance zone around 1.3800. A weekly close above this level could signal a push toward the 1.4000 handle, opening the door for a longer-term bullish breakout and potential buy-and-hold scenario. From the downside, a break below 1.3500 would likely trigger Canadian dollar strength, possibly driving the pair much lower. MACD Confirmation: The weekly MACD is crossing above the histogram from below, which is typically a bullish momentum signal. This supports the idea of a developing uptrend and could mark the beginning of a sustained move higher—especially if accompanied by strong volume. Fundamental Backdrop: The recent surge in U.S. Treasury demand reflects heightened risk-off sentiment and USD strength, which may continue to support the upside in USD/CAD in the near term.