• USD/CAD strengthened on Monday as Canadian dollar continue to weaken amid concerns that U.S. President Donald Trump's upcoming tariffs will hurt the global economy.
• Markets are on edge as they await the White House's announcement of a new round of reciprocal tariffs on Wednesday.
• In addition to tariffs, investors face a busy week with key economic reports, including jobs and payrolls data, which will offer insights into the resilience of the U.S. economy under President Trump's second term.
•At GMT 15:46, the pair was trading up 0.45 percent at 1.4381
• Immediate resistance is located at 1.4404 (38.2%fib), any close above will push the pair towards 1.4480(Higher BB).
• Support is seen at 1.4303(Daily low) and break below could take the pair towards 1.4225(50%fib).
Recommendation: Good to buy around 1.4360, with stop loss of 1.4250 and target price of 1.4450
