• USD/CAD fell on Thursday as the Canadian dollar strengthened as investor sentiment improved following partial relief from hefty U.S. tariffs on Canadian goods .
• President Trump will exempt Canadian and Mexican automakers from 25% tariffs for one month if they comply with the existing free trade agreement, the White House said.
• Canada, which sends 75% of its exports to the U.S., saw its trade surplus climb to C$4 billion in January as concerns over U.S. tariffs drove higher shipments of cars and energy products.
•At GMT 21:45, the pair was trading down 0.30 percent at 1.4298
• Immediate resistance is located at 1.4460(50%fib), any close above will push the pair towards 1.4525(Higher BB).
• Support is seen at 1.4335(61.8%fib) and break below could take the pair towards 1.4261(Jan 20th low).
Recommendation: Good to sell around 1.4320, with stop loss of 1.4400 and target price of 1.4240
