• USD/CAD strengthened on Wednesday as the greenback rose, driven by expectations that policies from the incoming Donald Trump administration would boost the currency next year.
• Data on Thursday revealed that new U.S. jobless claims fell to a one-month low last week, signaling a cooling but still-healthy labor market.
• Trading volumes were薄 on Thursday, with many traders on holiday between Wednesday's Christmas and next week's New Year holiday.
• Technical signals are bullish as RSI is at 71, daily momentum studies 11 DMA,14 DMA’s are trending up.
• Immediate resistance is located at 1.4432(23.6% fib), any close above will push the pair towards 1.4480 (Higher BB)
• Support is seen at 1.4350 (Daily low) and break below could take the pair towards 1.4299(38.2%fib).
Recommendation: Good to buy around 1.4390, with stop loss of 1.4300 and target price of 1.4500
