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• EUR/CAD edged lower as investors anticipated a busy week filled with tariff talks and U.S.-Russia discussions on Ukraine.
• Investors are preparing for Friday’s summit in Alaska, amid concerns that Russian President Vladimir Putin and U.S. President Donald Trump may attempt to impose terms on Kyiv to end the 3½-year conflict.
• Attention aslo shifted to U.S.-China trade talks, with chip policy a key topic as the August 12 deadline drew closer.
• Canada is set for a quiet week on the economic calendar, with June’s wholesale trade and manufacturing sales reports on Friday standing out as the key data releases.
• Immediate resistance is located at 1.6079 (Jul 10th high), any close above will push the pair towards 1.6129(23.6%fib).
• Support is seen at 1.5959(SMA 20) and break below could take the pair towards 1.5862 (38.2%fib).
Recommendation: Good to buy around 1.5970 , with stop loss of 1.5900 and target price of 1.6060
