USD/CAD holds steady above mid-1.3500s, eyes 200-day SMA amid modest USD strength – FXStreet

The USD/CAD pair is currently holding steady above the mid-1.3500s, as it keeps an eye on the 200-day SMA amidst a slight increase in USD strength. This stability comes as the pair remains within a relatively narrow trading range. Traders are closely monitoring the pair’s movement as it approaches the key 200-day SMA level. The USD’s strength is playing a role in influencing the pair’s performance at the moment.