Expected Short-Term Scenario for USD/CAD

The USD/CAD pair rebounded from strong daily buying areas

and managed to break the corrective downtrend, which is expected

to push the pair upward to the resistance levels at 1.4081.

If the previously identified resistance levels are breached,

we may see a continued upward trend reaching the 1.4130 and 1.4180 levels.

However, if the pair returns and declines again, 

we may see a test of the demand zones

on the 4-hour timeframe, which overlap with daily zones at 1.3964.

From there, we may see another upward trend for the pair.

In general, the pair is currently considered a buy zone,

and there are no strong selling opportunities.