USDCAD

Key Indicators

• The daily chart remains biased to the upside, and it is still possible the pair will revisit 1.4240/50, as the chart shows upward pressure in the short term.

• Price is consolidating near key resistance, showing that bulls are still defending higher lows despite short-term profit-taking.

Fundamental Context

The USDCAD pair continues to post modest weekly gains despite the dollar pullback. As of writing, the pair is trading near 1.4200. The pair may continue to trade within a tight range as traders digest the geopolitical news and await fresh economic data.