USD/CAD Faces Downside Pressure Towards 1.3400

The USD/CAD pair wobbles within Monday’s trading range around 1.3575 during the early European session. Investors maintain a cautious outlook as they await the Federal Reserve’s monetary policy announcement on Wednesday.

The Loonie has shown resilience, prompting speculation about a potential downside approach toward 1.3400. Traders are keen on how the upcoming Fed decision will influence price movements.

Market sentiment remains cautious but optimistic as analysts predict volatility in this currency pair.