The USD/CAD currency pair is currently trading 0.13% lower, hovering around the 1.3850 mark during the early European session on Tuesday. The Loonie is facing headwinds as the US Dollar struggles to gain traction, particularly due to ongoing tensions between the United States and the European Union regarding Greenland's future.
Traders are eyeing the 20-day Exponential Moving Average (EMA), where the pair is finding temporary support. As the exchange rate fluctuates, market participants are closely monitoring geopolitical developments that could further impact the USD's strength against the Canadian Dollar. This dynamic underscores the delicate balance in the forex market as traders navigate the implications of international disputes on currency valuations.
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: 2026-01-20 07:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.