USD/CAD tested new highs as U.S. may impose 25% tariffs on Canada on March 4

news_22_feb_cad_usd_2USD/CAD tested new highs as traders worried that 25% tariffs would put significant pressure on the Canadian economy.

USD/CAD climbed above the resistance at 1.4330 – 1.4350 and made an attempt to settle above the 1.4440 level. If USD/CAD moves above 1.4440, it will head towards the nearest resistance level at 1.4485 – 1.4500.

USD/CAD 4h Chart

USD/CAD

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