USD/CAD Struggles Above 1.4300 as USD Weakens
The USD CAD pair shows signs of resilience on Thursday after bouncing from the 1.4235 area, which marked a one-month low. It is currently experiencing a slight rebound, holding onto its intraday gains through the first half of the European session.
Despite this recovery, bulls face challenges in sustaining momentum above the critical level of 1.4300. The modest weakness of the US Dollar amid ongoing market trends and data releases may be hindering its ascent. Traders are closely monitoring market developments as they navigate through this complex trading environment.