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February 21, 2025

USD/CAD Recovery: Approaching Key Resistance Level at 1.4200

The USD/CAD currency pair is now nearing the vital resistance level of 1.4200 during Friday’s European trading session. After a recovery from a three-day low of 1.4166, the Loonie pair shows promising upward momentum. Observers note the importance of this resistance level, with traders analyzing potential breakout scenarios. Awareness of both resistance and support levels will be crucial for those following this currency pair. Decisions made in the coming hours will be closely watched by market participants.

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