USDCAD: Bullish Momentum in Play

[TradingPuzzles]

USDCAD: Bullish Momentum in Play

Price broke out above the descending trendline, showing bullish strength.

After the breakout, price may retest the broken resistance zone before moving higher.

After the better-than-expected data on Thursday and Friday from the U.S the odds are that USDCAD may rise further over the coming week.

The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess

Key Targets:
1.4000
1.4050
1.4150

As long as price stays above the breakout zone, the bullish scenario remains valid.

You may find more details in the chart!
Thank you and Good Luck!

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[Swipe]

Nice breakout USD/CAD showing real bullish momentum here — retest of resistance could give a clean entry. Targets at 1.4000–1.4150 look solid if the trend holds.

[Couturier]

Strong setup The breakout looks convincing, and as long as price respects the retest, the path toward 1.4000–1.4150 is clear. Bullish momentum is definitely in play

[The_Walking_Dead]

Clean analysis The breakout is clear, and with strong data backing USD, those upside targets at 1.4000–1.4150 look very achievable. Watching for a solid retest confirmation

[EmTeam]

After the breakout, price may retest the broken resistance zone before moving higher.