The USD/CAD currency pair is experiencing a third consecutive session of losses, currently trading around 1.4030 during Thursday's Asian hours. This movement suggests a potential decline toward the lower boundary of its ascending channel, with the critical level near 1.4000 coming into focus.
Despite this recent downturn, the daily chart indicates a sustained bullish bias in the market. Traders will be closely monitoring the exchange rate as it approaches this key technical support level, which could influence future trading decisions and market sentiment towards the USD and CAD.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.