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USD/CAD: Price Analysis and Forecast. High Oil Prices Strengthen the Canadian Dollar
The USD/CAD pair is trading just
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The USD/CAD pair is trading just above the 1.3650 level, where the 20-day SMA is located. Prices have remained within a two-week range, prompting market participants to exercise caution amid mixed fundamental signals.The US dollar continues to show relative resilience amid stable inflows of capital into safe-haven assets, bolstered by heightened geopolitical tensions in the Middle East. Additionally, the dollar is supported by reduced market expectations regarding three interest rate cuts by the Federal Reserve due to concerns that inflation
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