USD/CAD Targets 1.3740 Support as Canada’s Trade Balance Surges – MarketPulse

The USD/CAD pair is eyeing a support level of 1.3740, following a surge in Canada’s trade balance. The latest data indicates a positive trend for Canada’s economy, which is reflected in the strengthening of the Canadian dollar against the US dollar. Traders are closely monitoring this development as they assess the potential impact on the currency pair. The focus is now on whether the support level of 1.3740 will hold, or if further downward movement is expected. Investors will be watching for any additional economic indicators that could influence the direction of the USD/CAD pair in the near future.