• USD/CAD initially dipped but regained some ground after U.S. President Donald Trump called for lower interest rates, without offering clarity on tariffs.
• Despite frequently mentioning tariffs, Trump again declined to give specifics of any duties he intends to put in place.
• The greenback fluctuated between gains and losses as Trump urged the world to lower interest rates in a speech to global business and political leaders in Davos.
• At GMT 20:05 the pair was trading down 0.10 percent at 1.4363.
• Immediate resistance is located at 1.4411(Daily high), any close above will push the pair towards 1.4500(Psychological level).
• Support is seen at 1.4325(38.2%fib) and break below could take the pair towards 1.4278(Lower BB).
Recommendation: Good to buy around 1.4330, with stop loss of 1.4250 and target price of 1.4480
