USD/CAD trades steady at 1.4010, extending a corrective pullback as the pair maintains a bearish near-term bias below critical moving averages.
USD/CAD is hovering around 1.4000 after six days of losses, maintaining a bearish near-term bias below moving averages.
The USD/CAD pair stabilizes near 1.4010 during Friday's Asian session after recording six consecutive days of losses. The currency pair remains under pressure as it trades below key short- and medium-term moving averages, signaling a persistent bearish bias in the near term.
The pair is currently in a corrective pullback phase, maintaining a bearish near-term bias after six days of consecutive losses.