USDCAD – Buyers Are Starting to Take ControlUSD/CADOANDA:USDCADGoldenPearl_tradLet’s look at the bigger picture. Price has been making lower highs and lower lows, with sellers controlling the market for quite some time. Now focus on the support zone below, where price has already reacted several times. But notice what is changing on the latest test. Instead of breaking lower and continuing the downtrend, price is stabilizing above support and starting to push higher. That is an important shift. When sellers repeatedly test the same area but can no longer drive price lower, it often tells us that selling pressure is being absorbed. The recovery we are seeing now is beginning to show stronger momentum, while the support structure remains protected. As long as price stays above this zone, I expect the recovery to continue toward 1.4000. What would change the scenario? A strong breakdown below the marked support would require a reassessment. Until that happens, for me, this is a bullish recovery setup. The market has stopped moving lower — and now buyers are beginning to show their hand.