The USDCAD pair is maintaining its strong and consecutive gains in recent intraday trading, as it attempts to break above the current resistance level at 1.3890, a level previously identified as a price target in our earlier analysis.

This performance comes amid the dominance of the main short-term bullish trend, with price movements alongside a minor trendline supporting this bullish path. Additionally, positive pressure continues as the pair trades above EMA50.

On the other hand, we are beginning to observe a negative crossover on the relative strength indicators after it reached heavily overbought levels. This may limit the pairs ability to extend gains in the near term, potentially leading to temporary pullbacks for profit-taking.