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FxWirePro: USD/CAD range-bound as tariff announcement looms

• USD/CAD traded flat on Wednesday  as investors awaited of U.S. President Donald Trump's reciprocal tariff announcement.

• Trump, who has kept the world in suspense about the details of his tariff plans for weeks, is expected to announce broad reciprocal tariffs on global trading partners at 1600 ET (2000 GMT).

• The tariffs, effective immediately, are expected to raise prices, spark retaliation, and disrupt established trade practices.

• Market participants will focus on Fed Chair Jerome Powell's speech on Friday for clues about the U.S. economy and interest rate outlook.

 •At GMT 15:33, the pair was trading up 0.10 percent  at 1.4316

•  Immediate resistance is located at 1.4421 (50%fib), any close above will push the pair towards 1.4479(Higher BB).

• Support is seen at 1.4278(61.8%fib) and break below could take the pair towards 1.4218(Lower BB).

Recommendation: Good to buy  around 1.4300, with stop loss of 1.4220 and target price of 1.4400

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