USDCAD SHORT · FOREX

USDCAD has constructed a sequence of higher lows and higher highs from the May low near 1.3550 on the H4 timeframe, confirming the near-term uptrend. Price is currently pressing into the 1.4080–1.4176 resistance zone defined by the late-March swing highs, representing a significant structural barrier. Momentum remains constructive, but the narrow red zone relative to the wider green zone reflects a defined risk parameter at a confluent resistance area.