• USD/CAD strengthened on Friday as greenback firmed after U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners .
• U.S. President Donald Trump issued a letter late Thursday announcing a 35% tariff on all imports from Canada, effective August 1.
• Trump floated raising tariffs on other countries to 15% or 20%, up from the current 10% baseline, further escalating trade tensions.
•On the data front, Canada's unemployment rate declined slightly to 6.9% in June, driven by unexpected employment gains across wholesale and retail trade, manufacturing, healthcare, and social assistance .
• Statistics Canada reported that the economy added 83,100 jobs in Junethe first net employment increase since January with most of the growth concentrated in part-time roles.
• Immediate resistance is located at 1.3747(38.2%fib), any close above will push the pair towards 1.3792(Higher BB).
• Support is seen at 1.3573(23.6%fib) and break below could take the pair towards 1.3542(Lower BB).
Recommendation: Good to buy around 1.3690, with stop loss of 1.3620 and target price of 1.3750
