USD/CAD Holds Steady as Market Awaits Directional Clarity
The US Dollar is holding onto minor gains as it consolidates within the previous day’s trading ranges. The 4-hour RSI remains at around the 50 level, indicating that traders lack a clear bias. Thursday’s fluctuations concluded with a modest 0.2% decline after a federal court’s surprising decision to halt certain trade tariffs enacted by President Trump. This development adds complexity to USDCAD’s price movements, as investors await further information to establish a clearer market direction.