USDCAD: The Uptrend Looks Too Clean to FightUSD/CADOANDA:USDCADDomicChainaUSDCAD continues to display one of the strongest bullish structures on the H4 timeframe. Price keeps forming higher lows, holding comfortably above both the EMA34 and EMA89, and has recently broken into the 1.4140–1.4160 area. This no longer looks like a weak rebound but rather a trend expansion following a consolidation phase. My preferred scenario is a modest pullback toward 1.4100–1.4050 to retest demand before buyers attempt another push higher. If that zone holds, USDCAD could target 1.4200, with 1.4250 becoming the next objective should USD strength persist. What makes this structure attractive is the consistency of the trend. Every correction has been absorbed quickly, while the moving averages continue to slope higher. This suggests current pullbacks are retests rather than signs of a reversal. Fundamentally, the backdrop still favors USD. The Canadian Dollar recently weakened as the US–Canada yield spread widened, while softer oil prices added pressure on CAD. At the same time, stronger US economic data continues to support the Dollar.