The USD/CAD currency pair has regained positive traction above 1.3800 after recovering from a recent slide. As the pair hovers around the 1.3815 mark, traders are keenly awaiting the crucial U.S. Personal Consumption Expenditure (PCE) data. This index is essential for understanding consumer spending and inflation trends. The outcome of this data release could influence market directions significantly. As we head into the European session, traders should prepare for possible volatility based on the PCE results.