Slowdown in US business activity limits USDCAD growth
The USDCAD pair is trading within a correction, reflecting the market’s reaction to the US government shutdown and a decline in business activity indicators. The rate currently stands at 1.3949. Discover more in our analysis for 6 October 2025.
USDCAD technical analysis
The USDCAD pair continues to move within an ascending channel, currently undergoing a correction while retaining potential for forming a Double Bottom reversal pattern. The current pullback pushed the price to the strong 1.3945 support level, where the asset again found buying interest.
The fundamental backdrop reflects ongoing uncertainty: upside potential is limited by the absence of key economic data due to the US government shutdown and signs of a slowdown in the US economy.
Read more -USDCAD Forecast
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