The USD/CAD currency pair is currently trading 0.18% higher, approaching the 1.3700 mark during the European session on Monday. The Canadian Dollar (CAD) is facing downward pressure, primarily due to thin market liquidity as traders gear up for a holiday-shortened week.
The recent movement has attracted bids below the significant 78.6% Fibonacci retracement level at 1.3670, indicating potential support for the USD. With the exchange rate hovering near this technical threshold, market participants will be watching closely to see if the USD can maintain its momentum against the CAD in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 09:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.