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fxJun 30, 2026, 5:26 AM

USD/CAD Holds Above 1.4200, Bullish Trend Intact

The USD/CAD pair trades around 1.4235 in early European trading on Tuesday, supported by Fed rate hike expectations and US economic optimism, maintaining a bullish trend despite overbought signals.

USDCAD

The USD/CAD pair is holding gains above the key 1.4200 level, trading near 1.4235 during early European hours on Tuesday. The bullish trend remains intact even as technical indicators flash overbought conditions.

Growing expectations that the Federal Reserve will continue raising interest rates, combined with optimism about the US economy, are providing support to the US dollar against its Canadian counterpart. The pair's upward momentum suggests further upside potential in the near term.

Source: FXStreet Forex News