USDCAD 1-Hour Timeframe
In the 1-hour chart, USDCAD is approaching a significant price zone. The market is currently consolidating, with prices bouncing between two key levels:
Buying Area: Around 1.36000 – This zone could serve as a strong resistance, which buyers need to break for a bullish continuation.
Selling Area: Around 1.35400 – A critical support level that sellers may aim to test if the price rejects from the buying area.
The upward trendline within this range shows that buyers still have strength, but a breakout from either direction will determine the next move.
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