6 Weeks Up: Is USDCAD Approaching a Turning Point?US Dollar vs. Canadian DollarFX:USDCADdarlwrightUSDCAD has invalidated the previous resistance level that was being monitored for a potential reversal. Price broke through and achieved a strong close above the level, signaling continued bullish momentum. Attention now shifts to the next major resistance zone between 1.4090 and 1.4138. This area is noteworthy because the market has been advancing in a strong bullish impulsive move for nearly six weeks. If price reaches the zone, a potential Triple Top structure could begin to develop. Momentum will also be important. The Daily Momentum Indicator is currently elevated, and I will be watching for a hook lower as price approaches resistance. A momentum hook combined with rejection at the zone would significantly strengthen the reversal case. Current plan: • Allow price to reach resistance • Monitor Daily Momentum for a hook lower • Watch for rejection candles • Look for confirmation before considering a position For now, USDCAD remains a watchlist market and not a trade. Patience before participation.