• USD/CAD steadied around 1.4370 on Wednesday as investors awaited clear details on U.S. President Donald Trump's tariff plans.
• Trump said late Tuesday that his administration is considering a 10% tariff on Chinese imports starting Feb. 1, after previously indicating that Mexico and Canada could face 25% levies by the same date.
• On the data front, domestic producer prices rose 0.2% in December, driven by higher costs for motorized and recreational vehicles, along with primary non-ferrous metal products, according to Statistics Canada.
• At GMT 16:10 the pair was trading up 0.33 percent at 1.4371.
• Immediate resistance is located at 1.4390 (38.2%fib), any close above will push the pair towards 1.4500(Psychological level).
• Support is seen at 1.4284(50%fib) and break below could take the pair towards 1.4178(61.8%fib).
Recommendation: Good to buy around 1.4330, with stop loss of 1.4250 and target price of 1.4480
