The Canadian Dollar (CAD) opened December on a weak note, breaking its four-session winning streak as it approached critical moving averages against the US Dollar (USD). The exchange rate showed signs of vulnerability, with the CAD trading near key technical levels that could influence future price movements.
This recent downturn reflects broader market dynamics, as investors reassess their positions heading into the end of the year. The CAD's struggle against the USD suggests a potential shift in momentum, particularly as traders remain attentive to economic indicators and geopolitical developments that could impact currency pair valuations in the coming weeks.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 22:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.