The USD/CAD currency pair has encountered resistance as the US Dollar’s recovery from last week’s lows near 1.3940 falters below the key psychological level of 1.4000 on Monday. This stagnation reflects a broader trend of USD weakness impacting various currency exchanges, as investors reassess their positions amid mixed economic signals.
The trading atmosphere remains cautious, with the exchange rate struggling to gain traction. Continued softness in the US Dollar, influenced by factors such as interest rate expectations and global economic conditions, could further hinder the recovery efforts for the USD/CAD pair. As traders monitor these dynamics, the outlook for the pair remains uncertain, particularly as it approaches this critical technical level.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.