• USD/CAD steadied at 1.4500 on Tuesday as investors assessed President Donald Trump's imposition of new tariffs on the United States' three biggest trading partners.
• Trump imposed a 25% tariff on imports from Mexico and Canada, effective Tuesday, along with a doubling of duties on Chinese goods to 20%.
• Canadian Prime Minister Justin Trudeau announced a 25% tariff on C$30 billion ($20.7 billion) of U.S. imports, with an additional C$125 billion planned if Trump’s tariffs remain in place for 21 days..
• Technical highlight upside risks for USD/CAD, with momentum studies, 5, 10 and 11 DMAs tracking north.
• Immediate resistance is located at 1.4547(Higher BB), any close above will push the pair towards 1.4611(Higher BB).
• Support is seen at 1.4475(50%fib) and break below could take the pair towards 1.4435(61.8%fib).
Recommendation: Good to buy around 1.4480, with stop loss of 1.4420 and target price of 1.4600
