USDCAD D1: Confirmed Breakout – Rally Target 1.4100US Dollar/Canadian DollarFX:USDCADfullpriceactionThe technical analysis of USDCAD shows a major momentum shift following a prolonged compression phase. After successfully testing the institutional support zone around 1.3500, the price initiated a bullish reversal marked by a series of "Higher Lows." The recent and confirmed breakout of the intermediate resistance zone at 1.3700 (Break of Structure - BOS) has now flipped this former level into solid support, validating the return of buyer control. The preferred scenario for the coming weeks is a continued uptrend. The market structure suggests a progression through successive waves, with the primary objective being the major liquidity zone at the November highs, near the 1.4100 level. As long as the price remains above the psychological support of 1.3700, the bias remains strictly bullish. Traders should monitor technical pullbacks (retracements) toward this new support zone to identify low-risk buying opportunities, targeting the final extension toward yearly highs.