USD/CAD is maintaining a strong bullish structure inside the ascending channel, with price respecting the dynamic trendline support after reacting from a key demand zone around 1.3950 ā 1.3965. Buyers are stepping back into the market, showing strong momentum as price pushes higher toward major resistance levels. As long as price remains above the support zone, bullish continuation remains highly possible.
The first key resistance area stands near 1.4045, where sellers may attempt to slow momentum. A successful breakout above this zone could open the path toward the next major target around 1.4080. However, traders should watch for confirmation and candlestick behavior near resistance before entering.
šÆ Key Levels:
š¢ Bullish Support Zone: 1.3950 ā 1.3965
šÆ Target 1 / Resistance: 1.4045
š Target 2 / Major Resistance: 1.4080
ā ļø Invalidation: Break below support may weaken bullish momentum.
Trade smart, manage risk, and wait for confirmation. šš„
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ā ļø Disclaimer: This analysis is for educational purposes only and not financial advice. Always wait for confirmation and apply proper risk management before entering any trade.