USD/CAD continues its upward trend for the fourth consecutive session, trading at approximately 1.4330 during Asian hours this Wednesday. The US dollar has firmly established its strength, driven by rising US Treasury yields.

In contrast, oil prices are experiencing a downturn, which contributes to the strengthening of the USD/CAD pair. The current market situation suggests that traders should exercise caution due to the volatile impact of oil on the Canadian economy. As the dynamics of this currency pair continue to evolve, it is essential for investors to stay informed and consider how fluctuations in both currencies may present trading opportunities.