Against the backdrop of the Bank of Canada's decision to cut the key rate by 0.25%, the Canadian dollar declined, and the pair USD/CAD overcame the upper boundary of the local range. of the local range. Nevertheless, after the update of the maximum prices consolidation was observed. The catalyst for further development of events was introduction of US tariffs, which caused simultaneous strengthening of the US dollar and weakening of the Canadian dollar. U.S. dollar and weakening of the Canadian dollar. On Monday the market opened above the closing level of the previous week. However, traders need to be be vigilant, because, technically, the market is in the zone of significant highs reached in 20016 and 2020.