•USD/CAD fell on Monday as the Canadian dollar strengthened following reports that President Donald Trump's administration may adopt a more targeted approach to tariffs than previously expected.
• Approaching the April 2 deadline for U.S. reciprocal tariffs, reports suggest that President Donald Trump's administration may exclude certain tariffs specific to industries.
• Trump still intends to implement new reciprocal tariffs next week, but uncertainty remains over the duty amounts and the specific countries that will be affected.
•At GMT 15:56, the pair was trading down 0.42 percent at 1.4295
• Immediate resistance is located at 1.4405 (20th March high), any close above will push the pair towards 1.4473(38.2%fib).
• Support is seen at 1.4278(50%fib).) and break below could take the pair towards 1.4215(Lower BB).
Recommendation: Good to buy on dips around 1.4300, with stop loss of 1.4400 and target price of 1.4220
