USD/CAD remains in a strong overall uptrend, supported by a rising trendline and the Ichimoku Cloud. After a sharp bullish breakout that pushed price into the 1.4180–1.4200 resistance zone, the pair is showing signs of exhaustion near resistance.
The chart highlights a potential corrective move from the current supply area, with price expected to retrace toward the ascending trendline and key support around **1.4080**. This level aligns with previous structure support and could attract buyers if the broader bullish trend remains intact.
As long as price stays above the rising trendline and the Ichimoku Cloud support, the pullback may be viewed as a healthy correction within the larger uptrend.
**🎯 Target:** **1.4080**
**Key Levels:**
* **Resistance:** 1.4180 – 1.4200
* **Pullback Target:** 1.4080
* **Trend Support:** Rising trendline below current price
**Bias:** Short-term Bearish Pullback | Long-term Bullish Trend Structure Remains Intact.
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