USD/CAD is currently trading around 1.4040, stabilizing after three consecutive days of losses. The currency pair remains constrained below the critical 1.4050 level, encountering resistance at this point. Despite the recent declines, the technical indicators suggest a persistent bullish bias, as the pair continues to operate within its ascending channel pattern on the daily chart.
Traders are closely monitoring the nine-day EMA, which serves as a crucial barrier for the pair's upward momentum. A sustained move above 1.4050 could signal further gains, while failure to break this level may prompt additional selling pressure. As market participants weigh economic data and geopolitical factors, the USD/CAD exchange rate continues to reflect the underlying strength of the U.S. dollar against the Canadian dollar.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 08:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.