USD/CAD

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USD/CADUSD/CADOANDA:USDCADtrademillions4moOn USDCAD, I’m currently spotting a bullish divergence across the 1H, 30M, and 15M timeframes. Price has broken out of the 3-hour uptrend, which suggests the current move could be forming a retest structure. At the moment, price is pushing upward. My key level of interest is around 1.37973 — this will serve as the critical breaking point. If price successfully breaks and holds above this level, my target is set near 1.38266, which I expect to be a potential hot area for reaction. However, if price fails to break through 1.37973, I’ll be anticipating a push back down instead, which would confirm weakness and a potential bearish move. This setup could present an easy entry opportunity, but I’ll wait for confirmation at 1.37973 before committing to either direction.