FxWirePro: USD/CAD dips below lower range, bearish bias increases

• USD/CAD dipped on Tuesday as dollar dipped  investors monitored the development of China's trade talks.

•  Lutnick, Treasury Secretary Scott Bessent, and US Trade Representative Jamieson Greer met with Chinese colleagues in London.

• Any breakthrough in the discussions is expected to bring comfort to investors, given that Trump's frequently shifting tariff pronouncements and swings in Sino-US relations have damaged the two economies, disrupted supply networks, and threaten to stifle global growth.

• Meanwhile, attention also turned to Wednesday's US inflation data, which may influence   Fed rate rate cut expectation. The central bank remains in a blackout period before its June 18 policy announcement.

.  •At GMT 14:42, the pair was trading down  0.06 percent  at 1.3670

• Immediate resistance is located at 1.3791(38.2%fib), any close above will push the pair towards 1.3842(May 30th high).

• Support is seen at 1.3661(23.6%fib) and breakbelow could take the pair towards 1.3585(Lower BB).

Recommendation: Good to sell around 1.3680, with stop loss of 1.3750 and target price of 1.3600