For the USD/CAD pair on the H1 timeframe. The pair is trading near the day's opening level of 1.3840 and above the daily Pivot level of 1.3825. The main indicators show a bullish trend and the price is above the MA72 trend line, where volume unloading usually occurs. Above the level of 1.3840, the price will move towards the level of 1.3848 and potentially to 1.3870 and higher. Below the level of 1.3840, the pair will continue its descent towards the level of 1.3832 and possibly to 1.3825 and lower. The pair is trading above the monthly Pivot level of 1.3737 (previous 1.3717), above the weekly Pivot level of 1.3811, and above the daily Pivot level, indicating a bullish sentiment for the pair. At the current moment of this session, the day's opening level is 1.3840. The first resistance is at the level of 1.3848, and the first support is at 1.3832.
