The USD/CAD currency pair has seen a modest recovery from five-month lows around 1.3640. Despite these gains, the exchange rate has encountered strong resistance, with attempts to break above the key level of 1.3700 proving unsuccessful. Traders are closely monitoring the situation as they await insights from the upcoming FOMC meeting minutes, which could influence market sentiment.
As the market braces for potential shifts, the performance of the US Dollar against the Canadian Dollar remains in focus. Any hints of future monetary policy adjustments from the Federal Reserve could provide the necessary momentum for a breakout. In the meantime, the USD/CAD trading range continues to highlight the ongoing volatility in the forex market, with investors keenly analyzing technical indicators and economic data.
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Data Source: FX Killer Analysis Team Updated: 2025-12-30 14:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.