Expected Strength for the Canadian Dollar in the Short Term

It is moving in a broken downtrend on the 4-hour timeframe.

This comes after reaching demand zones on the daily timeframe.

Signs of a weak downtrend have begun to appear, 

with signs of an expected upcoming uptrend on the index.

The index is currently expected to rise if it breaks through the current supply zones

 and closes above them with a 4-hour candle.

An uptrend is expected toward the targets set at 1.4980 and 1.5010.

Of course, if the index rises, this indicates strength for the Canadian Dollar.

The analysis fails if the index declines again.