USDCAD H1 Technical Analysis
Price remains in a bullish structure following consecutive breaks of structure and a clean displacement to the upside. The market is currently consolidating above the FVG, indicating that short-term order flow is still favoring buyers.
A corrective move toward the FVG/previous structure support around 1.4040–1.4030 would be consistent with healthy retracement behavior before any continuation. As long as price maintains support above this zone, the bullish narrative remains intact with potential for expansion toward the upper target area.
Invalidation occurs on a decisive break below the FVG and the 1.4030 zone, which would signal a deeper corrective phase.
