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February 4, 2025

USD/CAD Rebounds Toward 1.4500 Despite Bearish Oil Prices

The USD/CAD pair saw a resurgence, attracting dip-buying around the 1.4385 area during Tuesdayโ€™s Asian session. This follows a significant retracement the previous day, as the pair now moves closer to the crucial 1.4500 psychological level. Various factors contribute to this push, with traders reacting to the dip in oil prices and increased demand for USD, highlighting dynamic shifts in this currency pair’s behavior.

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