• USD/CAD steadied around 1.3850 on Tuesday as investors assessed Prime Minister Mark Carney-led Liberals' victory in an election centred around the trade war with the U.S.
•Markets showed little reaction as Prime Minister Mark Carney's Liberals won Canada’s election without a clear majority, despite the campaign's focus on U.S. tariffs imposed by President Trump.
• The election drew attention for its potential impact on Canada-U.S. trade tensions, but focus has now shifted back to Trump’s trade policies.
• Investors await key U.S. data this week, including job openings, PCE inflation, and non-farm payrolls.
• At GMT 15: 50, the pair was trading up 0. 16 percent at 1.3851
• Immediate resistance is located at 1.3871 (Daily high), any close above will push the pair towards 1.3915 (38. 2%fib).
• Support is seen at 1.3787 (23.6%fib) and break below could take the pair towards 1.3650 (Lower BB).
Recommendation: Good to sell around 1.3870, with stop loss of 1.3950 and target price of 1.3800
