USD/CAD Analysis: New High of the Year

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2022/02/f-cad91.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2022/02/f-cad91.jpg 612w, https://www.actionforex.com/wp-content/uploads/2022/02/f-cad91-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2022/02/f-cad91-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2022/02/f-cad91-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>As the chart shows, yesterday, the USD/CAD rate exceeded 1.389 for the first time in 2023. This happened against the backdrop of news regarding the economies of the USA and Canada: → Statistics Canada estimates that GDP contracted in the third quarter. Technically, it can be stated that the Canadian economy has entered a technical […]</p>
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