• USD/CAD dropped sharply on Monday after news that President Donald Trump's new administration would not immediately impose trade tariffs, sparking a rally in Canadian dollar.
• Canada has been central to Trump's tariff threats, with him pledging a 25% tariff on imports from the country, a key trading partner that exports the majority of its goods to the U.S.
• Trading volume was lighter than usual due to U.S. markets being closed for the Martin Luther King Jr. Day holiday.
• At GMT 21:07, the pair was down1.17 % at 1.4312, marking its highest lowest level since April 10.
• Immediate resistance is located at 1.4334(38.2%fib), any close above will push the pair towards 1.4505(23.6%fib).
• Support is seen at 1.4265(Daily low) and break below could take the pair towards 1.4486(38.2%fib).
Recommendation: Good to buy around 1.4270, with stop loss of 1.4180 and target price of 1.4410


JPY Action Bias: Bullish Winds Strengthen – NZDJPY Leads the Charge as Top Pair to Watch
FxWirePro- Major Pair levels and bias summary
Bitcoin Holds Above $65K as Institutional Inflows Resume; Buy Dips Near $64K
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD better risk puts bulls back in charge
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch 



