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FxWirePro: USD/CAD consolidating around 1.4380, room for further gains

• USD/CAD held steady on Thursday as investors assessed the potential impact of U.S. tariff threats on Canadian trade relations.

• With U.S. President-elect Donald Trump returning to the White House on Monday, his threat to impose tariffs as high as 25% on Canadian imports continues to cast uncertainty over the economy.

• Next week could offer more clarity after Trump takes office and Canada outlines its response, though many acknowledged that forecasting rates beyond the upcoming meeting remains challenging..

• At GMT 17:09, the pair was up 0.27% at 1.4380

•  Immediate resistance is located at 1.4411(23.6%fib), any close above will push the pair towards 1.4466(Higher BB).

• Support is seen at 1.4323(50%fib) and break below could take the pair towards 1.4226(61.8%fib).

Recommendation: Good to buy  around 1.4350, with stop loss of 1.4200 and target price of 1.4480

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