• EUR/CAD dipped on Wednesday as caution prevailed ahead of a fresh round of U.S. tariffs set to take effect next week.
.• On Monday, Trump confirmed auto tariffs are coming soon but suggested not all levies would take effect on April 2, with some countries potentially exempt.
.• Trump’s tariffs are widely expected to slow economic growth, heighten trade tensions, and drive up inflation.
• The key event this week will be the release of the personal consumption expenditures (PCE) price index on Friday, the Federal Reserve’s preferred inflation measure.
•At GMT 15:22, the pair was trading down 0.28 percent at 1.5364
• Immediate resistance is located at 1.5450(SMA 21), any close above will push the pair towards 1.5546(38.2%fib).
• Support is seen at 1.5359(50%fib) and break below could take the pair towards 1.5295(March 5th low).
Recommendation: Good to sell around 1.5380 with stop loss of 1.5450 and target price of 1.5300
