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• USD/CAD slipped lower on Friday as rising oil prices offset strength in the U.S. dollar.
•Oil prices rose about 2% on Friday with traders bracing for supply disruptions, as nuclear talks between the United States and Iran had yet to reach an agreement.
•The United States and Iran held indirect talks in Geneva on Thursday after Trump ordered a military build-up in the region.
• On the data front, Canada's Gross domestic product contracted at an annualized pace of 0.6% in the October-December quarter, Statistics Canada said, compared with a revised 2.4% increase in the prior quarter
• On a month-on-month basis, GDP grew by 0.2%, up from no change in the previous month. Statistics Canada calculates monthly GDP by industrial output and quarterly GDP by spending and expenditure.
• Immediate resistance is located at 1.3686(Daily high), any close above will push the pair towards 1.3746(50%fib).
• Support is seen at 1.3630(38.2%fib) and break below could take the pair towards 1.3560(Lower BB).
Recommendation: Good to sell around 1.3620, with stop loss of 1.3700 and target price of 1.3550
