The USD/CAD currency pair stabilized around the 1.4000 mark on Wednesday, halting a recent sell-off that saw the US Dollar decline by 0.7% over the past three trading days. Bears have been unable to push through this psychological barrier, while upward movements remain limited, struggling to breach the 1.4020 resistance level.
As traders await the reopening of US markets, the exchange rate dynamics could shift, influencing the ongoing consolidation of USD/CAD. The technical landscape suggests that further volatility may arise, depending on market sentiment and economic data releases, highlighting the importance of the 1.4000 level in determining future trading directions.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-12 13:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.