The USD/CAD currency pair has shown a positive bias during Thursday's Asian session, recovering from a two-day losing streak. Currently trading around the 1.3940-1.3935 region, the exchange rate remains close to the nearly one-month low that was reached last week. This slight uptick has attracted some buyers, indicating a temporary stabilization in market sentiment.
Despite this rebound, the upside potential for USD/CAD appears limited. Traders are likely cautious as economic data and geopolitical factors continue to influence the Canadian dollar's strength relative to the U.S. dollar. As the market navigates these dynamics, the focus will remain on key resistance levels and broader trends within the forex landscape, particularly in light of ongoing developments in both the USD and CAD economies.
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: 2025-12-04 04:03
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.