• USD/CAD fell on Tuesday as dollar dipped as investors sought indicators for the U.S. presidential election's outcome.
• The polls remain neck and neck even as some recent polling has suggested that Harris has gained the upper hand.
• On the data front ,Canada's services economy expanded for the first time in five months in October. The headline business activity index rose to 50.4 from 46.4 in September.
•Separate data showed Canada posted a higher-than-expected trade deficit of C$1.26 billion ($908 million) in September as a larger drop in imports failed to offset a decline in exports.
• Immediate resistance is located at 1.3899(SMA9), any close above will push the pair towards 1.3939(23.6%fib).
• Support is seen at 1.3842 (38.2%fib) and break below could take the pair towards 1.3769(50%fib).
Recommendation: Good to sell around 1.3880, with stop loss of 1.3960 and target price of 1.3800
