USD/CAD eyes breakout as price tests 50-day EMA, momentum builds above 1.3950

  • USD/CAD is holding steady near 1.3975 in the American session on Wednesday, with bulls attempting to reclaim control after a strong bounce from the 1.3900 zone earlier in the day. Price action on the daily chart remains constructive, with the pair now challenging the 50-day Exponential Moving Average (EMA) at 1.4030, a key dynamic resistance zone.