USD/CAD Movement on 13 November 2025
The U.S. dollar / Canadian dollar pair, traded on the IDEAL PRO platform, fell below the 1.4000 psychological level on Thursday, 13 November 2025, after a six‑day reversal against the Canadian dollar. The pair ended the day near 1.4010, having traded within an ascending channel during the Asian session.
Technical Context
- The daily chart shows the pair remaining above the lower boundary of an ascending channel that has been in place for several days.
- The 14‑day Relative Strength Index (RSI) is neutral, indicating no clear momentum shift at present.
- The 10‑day low was reached on Thursday, suggesting a potential short‑term support area around 1.4000.
Fundamental Drivers
- The end of the U.S. federal government shutdown has lifted risk‑off sentiment that had weighed on the dollar.
- Market expectations for a possible Federal Reserve rate cut in December have bolstered bullish sentiment for the dollar.
- Canadian dollar traders remain cautious, as the CAD has struggled to move beyond 1.40, having tested that level four times in the last three days according to Scotiabank FX strategists.
Market Sentiment
- Asian traders were largely flat during Thursday’s session, with the pair holding near 1.4010.
- The dollar’s recent 0.7 % decline over the previous three days has stalled at the 1.4000 level, with upside attempts capped below 1.4020.
Outlook
- The USD/CAD pair is expected to consolidate around the 1.4000‑1.4020 zone while the market waits for further developments on U.S. policy and the federal shutdown resolution.
- Any significant shift in U.S. economic data or Fed commentary could prompt a renewed move in either direction.
