• USD/CAD was little changed on Wednesday as investors digested mixed US economic data.
• U.S. private payrolls grew at a steady rate in November, though it fell short of expectations, while yearly wages for employees remaining in their positions rose for the first time in 25 months.
•Private payrolls rose by 146,000 jobs last month after advancing by a downwardly revised 184,000 in October, the ADP report showed .
• At GMT 19:06, the pair was up 0.04% at 1.4064, retreating from daily high at 1.4080 .
• Immediate resistance is located at 1.4103(38.2%fib), any close above will push the pair towards 1.4177 (Nov 26th high).
• Support is seen at 1.3994(38.2%fib) and break below could take the pair towards 1.3906(50%fib).
Recommendation: Good to buy around 1.4030, with stop loss of 1.3930 and target price of 1.4150
