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FxWirePro: USD/CAD outlook weaker on renewed downside pressure

• USD/CAD declined sharply on Tuesday  as U.S. President Donald Trump's decision to temporarily pause tariffs on Ottawa kept the overall sentiment  for loonie upbeat.

• U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause in exchange for concessions on border and crime enforcement from both neighboring countries.

• Canada agreed to deploy new technology and personnel along its border with the United States and collaborate on efforts to combat organized crime, fentanyl smuggling, and money laundering.

• At GMT 16:47, the pair was down 0.79% at 1.4317, marking its lowest  level since Jan 24th 2025.

•  Immediate resistance is located at 1.4391(50%fib), any close above will push the pair towards 1.4500(Daily high).

• Support is seen at 1.4313(Jan 24th low) and break below could take the pair towards 1.4252(Lower BB).

Recommendation: Good to sell  around 1.4330, with stop loss of 1.4410 and target price of 1.4230

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