• 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
