USD/CAD extends its decline from the 1.4300 peak, trading lower for the third straight day as market participants look toward upcoming Canadian inflation reports.
The USD/CAD pair is experiencing sustained downward momentum, marking its third consecutive day of losses. This decline follows a significant rejection at the 1.4300 resistance level, which represented the pair's highest valuation since April 2025, as traders adjust positions ahead of upcoming Canadian inflation data.
The pair is currently under selling pressure, extending a decline from the 1.4300 level.
It served as a major resistance point and the highest price level for the pair since April 2025.
The USD/CAD pair continues its downward trajectory, marking a third consecutive session of losses. The currency pair is currently consolidating above the 1.4100 level as traders await critical Canadian CPI data to determine the next directional move.
The pair is experiencing a technical correction following a rejection at the 1.4300 level, with investors now focusing on incoming Canadian CPI data.