USDCAD bullish consolidation structure inside

[lingriiddd]

USDCAD consolidation in a strong bearish trend for a long period, with price consistently making lower highs and lower lows. This selling pressure pushed the market down toward a major demand/support zone around 1.3750–1.3780, where price finally started to slow down.

After reaching this support area, selling momentum weakened, and the market began to consolidate in a tight range. This consolidation indicates that sellers are losing control and buyers are starting to step in. Price has already bounced once from the support zone, showing early bullish interest.

Technically USDCAD is forming a bullish consolidation structure inside the range. As long as the price holds above the support, there is a high probability of a bullish move upward If the bulls manage then resistance near 1.3905, which is a short-term supply area. If price breaks and closes above this level, the next major resistance comes around 1.4005,

You may find more details in the chart.
Trade wisely best of luck buddies.

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[etfs]

If trading, watch support 1.3750 closely, maybe wait for a clean break above 1.3905 before adding positions