The US dollar initially did rally a bit during the early hours here on Wednesday but gave back those gains to show signs of life again. Ultimately, this is a market that I think is going to continue to be very noisy in general. But I also recognize that we have a situation where we are basically hanging around between the 1.39 level on the bottom and the 1.40 level on the top. I do think that eventually the US dollar ends up outperforming the Canadian dollar and we do break above the 1.40 level. If and when we do that, I think we’ve got a situation where traders will really start to look towards the 1.4250 level. This would take some momentum, but I think it could come into play.
USD/CAD Forecast:US Dollar Drifting Lower Against Loonie on Wednesday – 09 October 2025
