The USD/CAD exchange rate has taken a significant downturn, forming a death cross pattern in the lead-up to Canada’s elections. After reaching a high of 1.4795 earlier this year, the rate has plummeted to around 1.3900. This sharp decline raises concerns among investors as they assess potential impacts on the currency ahead of the election. With heightened political tensions and economic ramifications in play, market watchers are advised to remain vigilant as the elections approach. Traders should keep an eye on any emerging news that could shift market dynamics and influence the exchange rate further.