• USD/CAD dipped on Monday as investors were jittery after U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell.
• Markets remained focused on U.S.-China trade tensions after Beijing warned on Monday that it would take countermeasures against countries making deals with the U.S. that undermine China’s interests.
• On the data front, upcoming release of Canadian retail sales data will provide valuable insight into domestic consumption trends as the trade war continues to influence economic sentiment.
•At GMT 17:28, the pair was trading down 0.08 percent at 1. 3839
• Immediate resistance is located at 1.3850(Daily high), any close above will push the pair towards 1.3928(38.2%fib).
• Support is seen at 1.3786(23.6%fib) and break below could take the pair towards 1.3715(Lower BB).
Recommendation: Good to sell around 1.3840, with stop loss of 1.3900 and target price of 1.3760
