• EUR/CAD eased slightly from four-and-a-half-year high on Wednesday after the Bank of Canada (BoC) trimmed its policy rate by 25 basis points to 2.75%.
• The Bank of Canada cut its key policy rate by 25 bps to 2.75%, warning of a new crisis as it sought to shield the economy from the potential damage of Trump's tariffs.
• Currency markets estimate a 45% chance of another 25-basis-point rate cut at the Bank of Canada's next announcement on April 16.
•At GMT 15:21, the pair was trading down 0.95 percent at 1.5867
• Immediate resistance is located at 1.5836(23.6%fib), any close above will push the pair towards 1.5901(Higher BB).
• Support is seen at 1.5625(38.2%fib) and break below could take the pair towards 1.5516(March 10th low).
Recommendation: Good to buy around 1.5670 with stop loss of 1.5560 and target price of 1.5850
