The USD/CAD currency pair is currently trading within a narrow range around 1.3835 during the late Asian trading session on Wednesday. This position is perilously close to its recently established low of 1.3815, indicating potential for further downside as market sentiment shifts.
The exchange rate is influenced by rising tensions between the US and EU, which may lead to a stronger Canadian dollar as investors seek safety in the face of geopolitical uncertainty. Continued weakness below the 1.3800 level could signal a bearish trend for the USD/CAD pair, prompting traders to monitor developments closely.
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Data Source: FX Killer Analysis Team Updated: 2026-01-21 07:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.