• USD/CAD traded near 5 month -low on Thursday as investors closely monitored trade negotiations in Washington.
• U.S. President Donald Trump unexpectedly joined trade talks in Washington on Wednesday with a Japanese delegation, later stating that "big progress" had been made in discussions with Japan's lead negotiator, Ryosei Akazawa.
• Markets are closely monitoring the shifting trade policies under the Trump administration, with investors anticipating potential agreements between the U.S. and its global trade partners.
• The dollar has taken a hit amid tariff-driven market turmoil, as concerns over economic growth continue to weigh on investor sentiment.
• Immediate resistance is located at 1.3967 (April 16th high), any close above will push the pair towards 1.4023(38.2%fib).
• Support is seen at 1.3847(23.6%fib) and break below could take the pair towards 1.3798(Lower BB).
Recommendation: Good to sell around 1.3880, with stop loss of 1.4050 and target price of 1.3800
