The USD/CAD currency pair is trading near the 1.3685 level during the late Asian session on Tuesday, showing minimal movement as traders await the forthcoming release of the Federal Open Market Committee (FOMC) minutes from December. This period of consolidation suggests that market participants are cautious, evaluating potential implications for future monetary policy.
Analysts indicate that if the price breaches the critical support level of 1.3640, it could signal further downside for the pair. The exchange rate has remained under pressure as traders weigh the impact of the FOMC's insights on interest rates and the overall economic outlook. As the market prepares for the New York session, volatility may increase, making it essential for investors to stay alert to potential shifts in the USD/CAD dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.