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EURUSD
USD/CAD
USD/CAD hangs near its lowest level since September 17, around 1.3770 area
Key Takeaways (30s Read)
USD/CAD remains near its lowest level since September 17, trading within a narrow range.
The USD/CAD pair is trading in a narrow range during the Asian session on Friday, hovering around the 1.3770 mark, which is the lowest level since September 17. After hitting this level the previous day, the pair shows a lack of directional movement, maintaining a balance between selling and buying pressures. Market participants are closely watching US economic data and central bank policies, adopting a cautious stance regarding future movements.
AI Analyst
AI Opinion
"Currently, USD/CAD is at its lowest level since September 17, reflecting the volatility in market sentiment. With upcoming US economic indicators expected to be released, there might be more position adjustments among investors. If selling pressure continues, the pair could drop further, but a corrective phase may also be on the horizon. Given the potential for heightened market volatility, close attention should be paid to movements associated with economic data releases."
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