USD/CAD Climbs Steadily Amid Market Caution: Analyzing Weekly Gains, Technical Signals, and Future Trends
USD/CAD posted its third straight weekly gain, rising modestly amid cautious trading and tight ranges. Despite broad US dollar strength supported by robust economic data and rising Treasury yields, the pair faced strong resistance near 1.3700. Technical signals show a tentative bullish bias, but market participants await clearer catalysts amid macroeconomic uncertainty and dovish Bank of Canada signals. The outlook remains cautious as bulls and bears battle for control.
