USD/CAD Finds Support Below 1.4000 – Watch for Upcoming Canadian GDP Report
The USD/CAD pair has found temporary support near 1.3980 during Friday’s European session. This development occurs as the US Dollar rebounds after hitting a new two-week low. Traders are closely watching the US Dollar Index (DXY) as it gets buying interest near 105.60. The upcoming Canadian Q3 GDP report will be crucial in determining the pair’s direction. Investors should prepare for potential volatility as market reactions to economic data could significantly impact USD/CAD movements.
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