USD/CAD Holds Above 1.4150 as Bullish Bias Persists

After two consecutive days of losses, USD/CAD is trading sideways around 1.4170 during the European session on Thursday.

The daily chart shows the pair still moving within an ascending channel pattern, indicating that the bullish bias remains intact. The 1.4150 level is currently serving as near-term support, with the channel's upper boundary acting as resistance.

Technical conditions suggest buyers may look to push the pair higher as long as it stays above the lower trendline of the channel. A break below 1.4150 would weaken the bullish outlook.