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fxJun 11, 2026, 1:31 AM

USD/CAD Stays Weak as Canadian Dollar, Upside Seen Limited

USD/CAD failed to extend its bounce from the 1.3900 weekly low and edged lower during Asian trading, with the Canadian Dollar supported and upside potential described as limited.

USDCAD

During Asian trading hours, USD/CAD declined after a brief bounce from the 1.3900 support level, which also marked the weekly low. The Canadian Dollar maintained a firm stance against a softer US Dollar.

Market commentary suggests the pair's upside potential remains limited, even as the US Dollar showed broader weakness. The inability to hold gains above 1.3900 reinforces a bearish short-term outlook for USD/CAD.

Source: FXStreet Forex News