The Canadian dollar is expected to strengthen in the medium term.

The Canadian index is moving in a sideways direction, leaning more upward.

With consolidation on time frames such as the hourly chart, this may support the index's rise in the coming period.

The Canadian index is currently retesting demand zones on the hourly chart.

With a downtrend, as we can see, it is expected to be broken,

which could pave the way for the currency to rise again.

If the downtrend is broken and a close above it is reached, then a rise is expected

to targets set at 1.5114 and 1.5141, respectively.

This means that the Canadian dollar is expected to strengthen against

 most currencies in the event of a break.