CAD Consolidates Near Four-Week High on Oil Support

The USD/CAD pair is oscillating in a narrow range during Thursday's Asian session, consolidating recent losses that brought it to a four-week low. The Canadian dollar remains supported near a four-week top against the greenback.

Elevated oil prices continue to favor CAD bulls, as Canada is a major crude exporter. The pair's downside momentum has stalled for now, but the underlying bias remains tilted toward further CAD strength unless oil retreats significantly.