• USD/CAD steadied on Tuesday as dollar advanced spurred by Trump tariff expectations.
•The greenback continues its relentless climb, driven by a mix of fundamental and technical factors that reinforce the underlying bullish market trend.
•On the data front, U.S. October producer prices will be released on Thursday, followed by retail sales on Friday. Additionally, Fed Chair Jerome Powell will speak on the economic outlook Thursday, adding to the reasons to remain cautious.
•Technical signals are strongly bullish as RSI is at 62, daily momentum studies 5, 9 and 10 SMAs are trending up.
• Immediate resistance is located at 1.3959(23.6%fib), any close above will push the pair towards 1.3987(Higher BB).
• Support is seen at 1.3918(Nov 11th low) and break below could take the pair towards 1.3873( (38.2%fib).
Recommendation: Good to buy around 1.3940, with stop loss of 1.3850 and target price of 1.4000
