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• USD/CAD edger higher on Tuesday as investors weighed prospects of Canada reaching a deal with Washington to avoid new tariffs on its goods.
• Canada’s Carney spoke with Trump as Ottawa seeks a last-minute deal to avoid 50% U.S. tariffs on $20 billion of Canadian imports.
•Canadian home sales rose for a fourth straight month in July, increasing 0.5% from June, and prices edged higher.
•Separate data for July showed that housing starts unexpectedly fell, declining 5% compared to the previous month.
• Immediate resistance is located at 1.3951(50%fib). any close above will push the pair towards 1.3099(SMA 20.).
• Support is seen at 1.3842(50%fib) and break below could take the pair towards 1.3799( Lower BB).
Recommendation: Good to sell around 1.3900 with stop loss of 1.4000 and target price of 1.3850
