USDCAD - Consolidation within a wedgeUSD/CADOANDA:USDCADLingrid USDCAD is currently trapped in a 🔺 consolidation wedge following a strong uptrend. Price is testing the lower support boundary, attempting to establish a floor after recent lower highs. This structure reflects a bullish bias as the pair maintains its broader upward trajectory despite the current contraction. Increased ⚡️ momentum is required to clear the upper wedge resistance for a breakout. A sustained drop below 1.4200 acts as our ⚠️ invalidation level, shifting sentiment to neutral. We anticipate a 🎯 move toward the 1.4260 region once the pair clears the overhead constraint. 📊 Employment Change and Unemployment Rate data for Canada are due today, likely triggering volatility. 🔑 Key Levels 🚧 Resistance: 1.4260 🛡️ Support: 1.4200