The USD/CAD currency pair is currently trading flat around the 1.3885 mark during the European session on Wednesday. Traders are closely watching the exchange rate as the pair faces selling pressure just above the 50% Fibonacci retracement level at 1.3900. This technical resistance could influence market sentiment ahead of key economic data releases.
Investors are awaiting the upcoming US Producer Price Index (PPI) data for October and November, along with Retail Sales figures for November. These indicators are expected to provide insight into the health of the US economy and may impact the USD/CAD trading strategy moving forward. Market participants remain cautious, as any deviation from expectations could lead to increased volatility in the currency pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 13:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.