USD/CAD gains ground after two days of losses, trading around 1.4030 during the Asian hours on Tuesday. The pair rises as the US Dollar (USD) gains support amid progress in the US Senate toward passing a deal to reopen the government.
USD/CAD has regained momentum after defending major technical supports, with the pair now eyeing channel resistance near 1.4150 and higher projections toward 1.4240–1.4300, Société Générale's FX analysts note, Société Générale's FX analysts note.
USD/CAD continues its winning streak for the seventh consecutive day, trading around 1.4120 during the European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.