The USD/CAD pair is currently hovering around the 50-day Simple Moving Average (SMA) and continues to stay on the defensive below the mid-1.3700s. The pair has been struggling to gain momentum, with the Canadian dollar showing strength against the US dollar. Traders are closely watching the pair’s movements as it remains below the key resistance level in the mid-1.3700s. The 50-day SMA is acting as a key level of support for the pair, with further downside potential if it fails to break above the resistance level. Investors are monitoring economic data and geopolitical events that could impact the exchange rate between the two currencies.