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fxJun 29, 2026, 9:26 AM

USD/CAD Consolidates Near 1.4195 Ahead of US NFP Data

The USD/CAD pair traded flat around 1.4195 during the European session on Monday, with oscillators cooling down and focus shifting to the upcoming US Nonfarm Payrolls report for June.

USDCAD

The USD/CAD pair held steady near the 1.4195 level during European trading on Monday, consolidating after recent movements. The Loonie pair appeared to be pausing as technical oscillators began to cool off, suggesting a potential corrective move toward the 1.4140 support area.

Market participants are now turning their attention to the US Nonfarm Payrolls (NFP) data for June, which could provide fresh directional cues for the dollar. The stabilization in USD/CAD reflects a cautious stance ahead of this key labor market release.

Technically, if the correction continues, the pair may test the 1.4140 zone. However, the near-term outlook remains neutral until the NFP figures are released.

Source: FXStreet Forex News