USDCAD

Range Breakout: The pair has been trading within a range, and the breakout from this range signals potential bullish momentum. A breakout indicates that the price is ready to move out of its consolidation phase, with buyers now in control.

Trendline Breakout: The price breaking above a key trendline further confirms a shift from a bearish or neutral market sentiment to a more bullish one. This is a strong signal that upward momentum is building.