USD/CAD is currently retracing its recent losses, trading around 1.4440 as European hours unfold. Technical analysis reveals that the pair remains within an ascending channel, indicating a bullish bias. The nine-day EMA presents immediate support, which traders should monitor closely. Continued positive momentum from fundamental data could propel USD/CAD further upward in the coming days. Analysts suggest keeping an eye on economic news, as shifts in sentiment can swiftly change market dynamics.