USDCAD: Consolidating in a TriangleUSD/CADOANDA:USDCADParadise_NoirUSDCAD on the H1 timeframe is currently trading around 1.38120, after a relatively tight consolidation near the short-term support zone. I've noticed that the price is being compressed between the descending trendline above and the ascending trendline below, creating a narrow range before a direction is determined. Regarding news, CAD is under pressure as oil prices weaken and the market begins to pay more attention to Canadian growth data. Meanwhile, the USD still has some support from safe-haven sentiment and expectations that US interest rates will not cool down quickly. This context slightly supports the scenario of USDCAD continuing to rise. On the chart, the 1.38070 area is the nearest support that needs to be held. If the price continues to maintain above this area and breaks out of the consolidation zone, the immediate target will be 1.38300, which is also the psychological resistance zone marked on the chart. Reference strategy: Good buy: around 1.38070 – 1.38100 if there is a price consolidation signal Breakout buy: when the price clearly breaks out of the triangle area TP: 1.38300