USD/CAD Bounces Back Above 100-Day SMA; Traders Cautious
The USD/CAD pair moved above the 1.3800 mark during Tuesday’s Asian session. Despite this bounce, the pair lacks strong bullish conviction, remaining below a two-week peak reached previously. Different market forces may discourage traders from making aggressive moves, as the pair navigates these varying conditions. Investors are advised to watch closely as anything could impact the trajectory.