• USD/CAD edged lower on Thursday as investors paused to evaluate the changing stance of the Trump administration on tariffs.
•Investors were rattled in recent days as Trump launched a series of verbal attacks on Fed Chair Jerome Powell for hesitating to cut interest rates without data-backed justification.
• Trump’s tariff flip‑flops have hit the dollar hard, it’s down 4.8 % so far in April the steepest monthly slide since November 2022.
• Traders will scrutinize Friday’s Canadian retail‑sales data, treating it as a barometer of household spending strength amid tariff‑driven economic uncertainty.
• At GMT 14: 26, the pair was trading down 0. 17percent at 1.3860
• Immediate resistance is located at 1.3924(38.2%fib), any close above will push the pair towards 1.3973(April 15th high).
• Support is seen at 1.3800(23.6%fib) and break below could take the pair towards 1.3750 (ct 16th 2024 low).
Recommendation: Good to sell around 1.3880, with stop loss of 1.3950 and target price of 1.3830
