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February 18, 2025

USD/CAD Forecast: Key Support Level Near 14150 as Inflation Data Looms

The USD/CAD currency pair is experiencing tension as it approaches a critical downside target near 1.4150. Investors are keeping a watchful eye on upcoming Canadian CPI inflation data, which may provide further direction in this volatile market. With traders assessing potential shifts, this target emerges as a crucial zone to determine if a downward pressure may unfold. The economic backdrop remains complex, making it essential for market players to stay informed on both local and global economic indicators.

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