• USD/CAD dipped on Friday after domestic data showed that the economy added more jobs than expected last month, reducing concerns about the growth outlook..
•Data on Tuesday showed that Canadian exports rose for the fourth consecutive month in May, adding to evidence that the economy recovered in the second quarter after two consecutive quarters of •contraction.
•The Bank of Canada will hold its overnight rate at 2.25% on July 15 and keep it there well into next year as price pressures remain largely contained and the economy gradually recovers, a Reuters poll showed.
•The price of oil , one of Canada's major exports, fell 1.3% to $71.11 a barrel but was on track for weekly gains as renewed U.S.-Iran fighting disrupted shipping in the Strait of Hormuz.
• Investors see a roughly 60% chance the BoC will raise interest rates this year, up from 40% on Tuesday, swap market data showed.
• Immediate resistance is located at 1.4172(Daily high), any close above will push the pair towards 1.4245(23.6%fib).
• Support is seen at 1.4099(SMA 20) and break below could take the pair towards 1.4004(38.2%fib).
Recommendation: Good to buy around 1.4150 with stop loss of 1.4000 and target price of 1.4240
