U.S. Dollar Index suffered a strong sell-off as traders reacted to Trump tariffs. Traders fear that trade wars will put significant pressure on the American economy and force the Fed to cut rates aggressively.
USD/CAD tests support at 1.4060 – 1.4080 as traders react to tariffs and focus on general weakness of the U.S. dollar.
A successful test of this level will open the way to the test of the next support level at 1.3930 – 1.3950.
USD/CAD 040425 4h Chart
