The USD/CAD currency pair is currently testing a significant support level around 1.3820, as the US Dollar continues its downward trajectory against the Canadian Dollar. Over the past two weeks, the exchange rate has declined nearly 2%, reflecting persistent bearish sentiment in the market.
Despite attempts at recovery, upside movement remains constrained, indicating that traders should remain cautious. The ongoing weakness in the USD may be attributed to broader market dynamics, impacting trading strategies and investment decisions in the forex market. As the pair navigates this critical support area, market participants will be closely monitoring for any signs of reversal or further declines.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 08:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.