USDCAD INTRADAY rising support retest

USDCAD remains in a bullish trend, supported by the prevailing uptrend. The recent price action indicates a corrective pullback toward a key support zone.

Key Level: 1.4300
This level represents the previous consolidation range and serves as a crucial support area.

Bullish Scenario: A bounce from 1.4300 could reinforce the uptrend, with potential targets at 1.4370, followed by 1.4420 and 1.4490 over the longer term.

Bearish Scenario: A break below 1.4300 with a daily close under this level would weaken the bullish outlook, leading to further declines toward 1.4250, 1.4220, and 1.4180.

Conclusion:
USDCAD remains bullish unless it loses support at 1.4300. Traders should watch for a bounce or a breakdown at this level to determine the next move.

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