• 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
