• Another test of the 55DMA for USD/CAD as the greenback drifts lower

• While a break opens the door for a move to 1.43

• The big area of support remains at 1.4180-1.4200

• Meanwhile, CAD should benefit least in a weaker USD environment

• Impact of U.S. tariffs on Canada may also limit USD/CAD downside

• OECD slash Canadian growth forecast to 0.7% for 2025/26 from 2%

• Incoming CA data to step up in importance to gauge tariff effect

• This will also guide BoC action going forward

• Resistance = 1.4450-1.4500
USD/CAD daily chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)