• USD/CAD edged higher on Tuesday after economic data showing a generally stable jobs market and a still robust services sector.
• Data showed that U.S. job openings unexpectedly increased in November, although hiring slowed. Job openings rose 259,000 to 8.098 million by the last day of November.
•At the same time,U.S. services sector activity accelerated in December, with the ISM non-manufacturing PMI rising to 54.1 from November's 52.1, driven by strong demand.
• Traders focus on Friday's U.S. jobs report for policy insights, with ADP employment data and Fed December meeting minutes due Wednesday.
• Immediate resistance is located at 1.4375 (38.2%fib), any close above will push the pair towards 1.4470(23.6%fib).
• Support is seen at 1.4300(50%fib) and break below could take the pair towards 1.4232(61.8%fib).
Recommendation: Good to buy around 1.4330, with stop loss of 1.4250 and target price of 1.4450
