Forex
USD/CAD Eyes $1.42 Break
USD/CAD is heading into the new week with a crucial question hanging over it: can this pair finally break through to $1.42?
The market has been trying to lean higher, despite short-term volatility, and the overall trajectory of USD/CAD remains higher.
The interest rate differential still favors the US dollar, giving buyers a reason to look for value on dips rather than chase a reversal lower.
The $1.42 level is a significant barrier that could slow down the bullish case, but if buyers can stay in control, it becomes the natural focal point for the coming sessions.