The USD/CAD currency pair continues to face challenges, struggling to maintain strength below the 1.4000 confluence level. As the market opens on Thursday, it shows a lack of bearish conviction, currently hovering around the 1.3865 area with minimal daily change. This situation emerges ahead of the upcoming US Producer Price Index (PPI) data and statements from Fed Chair Powell, which are likely to impact market sentiment and trading decisions. Monitoring these economic indicators will be critical for traders and investors to gauge future movements in this currency pair.