USD/CAD Price Forecast: Fresh technical breakout comes into play amid Middle East tensions

The USD/CAD pair attracts some follow-through buyers for the fourth consecutive day and climbs to over a three-month high, around the 1.3835 region, during the first half of the European session on Thursday. USD/CAD prolongs its uptrend for the fourth consecutive day amid a broadly firmer USD.Inflation fears fuel hawkish Fed bets and benefit the buck amid geopolitical… The USD/CAD pair attracts some follow-through buyers for the fourth consecutive day and climbs to over a three-month high, around the 1.3835 region, during the first half of the European session on Thursday. USD/CAD prolongs its uptrend for the fourth consecutive day amid a broadly firmer USD.Inflation fears fuel hawkish Fed bets and benefit the buck amid geopolitical uncertainties.A further rise in Crude Oil prices could underpin the Loonie and cap gains for spot prices.The USD/CAD pair attracts some follow-through buyers for the fourth consecutive day and climbs to over a three-month high, around the 1.3835 region, during the first half of the… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.