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February 20, 2025

USD CAD Price Surge: Key Breakout Above 1.4200 Signals Bullish Momentum Ahead

The USD CAD pair remains steady after showing gains for the last two successive days. It is currently trading near 1.4220 during early European hours on Thursday. Technical analysis indicates that the pair has broken above a falling wedge pattern, a bullish formation that signals a potential upward move in the market. As traders keep a close eye on this development, many are optimistic about the USD CAD trajectory. Market participants are keen to see if this momentum holds and if further gains are in the cards for this currency pair.

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