• USD/CAD steadied around 1.4381 on Monday as investors focus turned to the Federal Reserve's and Bank of Canada first policy meeting this year.
•Fed policymakers are largely expected to keep rates steady at the end of their Jan. 28-29 meeting.
• The Bank of Canada is expected to cut its key benchmark rate by 25 basis points this week and provide an analysis of the potential impact of U.S. tariffs.
• At GMT 15:55, the pair was up 0.26% at 1.4381.
• Immediate resistance is located at 1.4365(38.2%fib), any close above will push the pair towards 1.4500(Psychological level).
• Support is seen at 1.435(38.2%fib) and break below could take the pair towards 1.4256(Lower BB).
Recommendation: Good to buy around 1.4350, with stop loss of 1.4250 and target price of 1.4450
