USD/CAD Price Analysis: Moves sideways near the 1.3600 ahead of US CPI

USD/CAD struggles to extend gains due to the improved Crude oil prices, trading around 1.3590 during the European session on Thursday. The pair is mov

USD/CAD faces a key barrier at the 1.3600 psychological level.

indicator suggests a momentum shift towards a bearish trend. The weekly low at 1.3569 appears as the support following the 38.2% Fibonacci retracement. ing sidewaysahead of inflation data from the United States . The major level at 1.3600 acts as immediate resistance, aligning with the seven-day Exponential Moving Average at 1.3608. A decisive break above the level could contribute to support for the pair to explore the area around the psychological level at 1.

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