The USD/CAD pair is on track for its fifth consecutive daily gain, currently hovering near 1.3970 during Tuesday’s European session. The pair faces some resistance as the US Dollar shows signs of softening ahead of the highly anticipated Consumer Price Index (CPI) report for April. Market participants should keep an eye on trends in trade sentiment and inflation data, as these could significantly impact the USD/CAD dynamics. Optimism surrounding trade agreements may continue to provide upward support for the pair.