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fxJun 18, 2026, 6:57 AM

USD/CAD Gains Above 1.4100, Overbought Signals Warn of Pullback

USD/CAD trades near 1.4105 after the Fed's hawkish hold, but overbought technical signals flag potential pullback risk.

USDCAD

The USD/CAD pair edged higher during early European trading on Thursday, holding near 1.4105. The US Dollar strengthened against the Canadian Dollar following a hawkish hold by the Federal Reserve, which reignited rate-hike expectations.

However, technical indicators suggest overbought conditions, raising the possibility of a near-term pullback. Traders remain cautious as the pair extends its recent gains.

Source: FXStreet Forex News