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BTCC / BTCC Square / Global Cryptocurrency /
USD/CAD Targets 1.4016 Amid U.S.-China Truce and Weak Canadian Jobs Data

USD/CAD Targets 1.4016 Amid U.S.-China Truce and Weak Canadian Jobs Data

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-13 07:02:37
0

The US dollar strengthened against the Canadian dollar, rising from support at 1.3960 as global sentiment improved following a temporary US-China trade truce. Tariff rollbacks boosted demand for the greenback, while Canada’s unemployment rate unexpectedly jumped to 6.9%, raising economic concerns.

Technical indicators suggest bullish momentum for USD/CAD, with key resistance levels at 1.4016 and 1.4040. A break above 1.4016 could signal further upside potential.

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