The Canadian Dollar (CAD) is gaining ground against the US Dollar (USD) as the latter faces downward pressure on Monday. Currently, the USD/CAD currency pair is trading around 1.3740, reflecting a decline of approximately 0.4% on the day. This movement keeps the exchange rate close to the lows seen in September, highlighting a period of sustained weakness for the Greenback.
Market participants are closely monitoring upcoming Canadian GDP data and significant US economic indicators, which could further influence the USD/CAD exchange rate. As traders position themselves ahead of these releases, the CAD's recent strength may prompt additional volatility, potentially challenging the technical support levels established in previous weeks.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-22 18:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.