Possible Retracement Before Going Higher

USDCAD structure and confirming a clear Break of Structure (BOS) around the 1.4070 level. This breakout indicates that bullish order flow has taken control of the market.

Currently, price is showing a mild pullback towards the BOS retest zone, aligning with a potential demand area between 1.4060 – 1.4070. If buyers defend this zone, we could see a continuation toward 1.4160 and higher.

The overall market context remains bullish as long as the structure holds above 1.4040. A clean reaction from the highlighted zone could provide a high-probability long opportunity with a favorable risk-to-reward ratio.