US Dollar Shows Resilience as USD/CAD Rebounds Near Key Support Level
The US Dollar is gaining strength as it approaches the opening of the European session on Tuesday. The USD/CAD currency pair is recovering from the seven-month low reached on Monday. Currently, it nears the significant support area between 1.3750 and 1.3765. This level may present a challenge for bulls looking to push the price higher. Investors should watch this zone closely as it could dictate the pair’s short-term direction. Traders can expect volatility as market participants respond to upcoming data and global economic conditions.