The US Dollar shows a moderate upward trend against the Canadian Dollar, but the USDCAD pair remains stalled below the key 1.3700 resistance level. Technical indicators suggest bullish momentum persist; however, the pair fails to consolidate past this critical area. Ongoing global trade tensions, alongside Trump’s recent proposals for steep tariffs on Canada, are amplifying market uncertainties. The announcement of 35 percent tariffs on Canada, on top of existing tariffs, adds to the defensive stance in the currency pair. Traders will follow this situation closely as developments unfold.