USD/CAD Forecast: Support Emerges After Pulling Back from Highs
USD/CAD continues to show strength after a solid winning streak across three sessions. Recently, the pair rose over 1% to reach 1.4178, a peak not seen since April 2020. As of now, it trades near 1.4110 during the European session. Traders should remain alert to potential changes, as the pair may seek further consolidation or movement based on broader economic indicators. The sturdy support around the 1.4100 level will be pivotal for future directions in USD/CAD.
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