USD/CAD is treading water near 1.3945, having dipped below its 50-period SMA. The pair is caught between support at 1.3930 and resistance near 1.4000. Although broader dollar weakness continues, the loonie has not seen significant gains, partly due to subdued oil price action. A firm break below 1.3930 could attract bearish positioning with downside potential toward 1.3790.
4-Hour USD/CAD
