USDCAD: Bullish Wave on the Horizon?

USDCAD: Bullish Wave on the Horizon?

From early April to early May, USDCAD moved within a broad accumulation pattern without a clear direction.

However, in the past week, the pair made its first bullish wave, climbing nearly 260 pips.

Now, USDCAD appears to be accumulating once again, potentially setting up for another bullish wave.

If this momentum continues, the price may extend toward the 1.4100 and 1.4200 levels.

You may find more details in the chart!
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