USDCAD - Retest of 1.40. Markets are awaiting the Fed's decisionUS Dollar vs. Canadian DollarFX:USDCADRLindaUSDCAD maintains a strong bullish trend and is testing the 1.4000 resistance level while attempting to hold above this key threshold. The Federal Reserve meeting is now in focus USDCAD has entered a consolidation phase ahead of major news events, with the primary focus on the Fed's interest rate decision and comments from the new Fed Chair The U.S. dollar is currently correcting within a broader bullish trend. With key economic releases approaching and geopolitical tensions still in the background, a hawkish stance from the Federal Reserve could push the Dollar Index higher, providing additional support for the currency pair. Resistance levels: 1.4000, 1.4024, 1.4100 Support levels: 1.3995, 1.3980, 1.3967 Within the prevailing bullish trend, price is consolidating above the key 1.3995 level. If bulls manage to defend this area and secure a close above 1.4000, it could become a technical catalyst for further upside Best regards, R. Linda