• USD/CAD eased slightly on Monday as investors anxiously awaited U.S. consumer price index reading.
• Economists project a median annual increase of 2.9%, up from 2.7% in November, along with a monthly rise of 0.3%.
• Investors are concerned that U.S. President-elect Donald Trump's policies on tariffs, migration, and taxes could drive inflation higher.
• At GMT 16:03, the pair was up 0.16% at 1.4395, the pair hit daily high at 1.4446.
• Immediate resistance is located at 1.4463(23.6%fib), any close above will push the pair towards 1.4484(Higher BB).
• Support is seen at 1.4359(38.2%fib) and break below could take the pair towards 1.4286(50%fib).
Recommendation: Good to buy around 1.4380, with stop loss of 1.4300 and target price of 1.4500
