• USD/CAD steadied on Friday as threat of U.S. tariffs on Canada weighed on Canadian dollar.
• The focus will shift to Donald Trump's arrival in the White House, who pledged to impose a 25% tariff on all imports from Canada, a blow to a country that sends a majority of its crude exports to the U.S.
• Trading volumes were light on Friday with many traders on holiday after Wednesday’s Christmas holiday and before next week’s New Year holiday.
• At GMT 14:46, the pair was up 0.10% at 1.4422, marking its highest level since 19th November.
• Immediate resistance is located at 1.4440 (23.6%fib), any close above will push the pair towards 1.4520(Higher BB).
• Support is seen at 1.4372(Daily low) and break below could take the pair towards 1.4314(38.2%fib).
Recommendation: Good to buy around 1.4420, with stop loss of 1.4370 and target price of 1.4480
