• USD/CAD steadied around 1.3840 as markets assessed the outlook for U.S.-Canada trade discussions..
• The United States-Mexico-Canada Agreement known as CUSMA in Canada has shielded much of Canada's exports from U.S. tariffs. It is set for review by July 1.
•Canada proposed extending the North American trade pact by 16 years and called for parallel discussions on sectoral tariffs ahead of talks with U.S. negotiators.
• Data released Friday showed Canadian GDP shrank 0.1% annualized in Q1, extending the previous quarter's revised 1.0% contraction amid persistent trade uncertainty.
•Investors expect the BoC to leave its benchmark interest rate on hold at 2.25% for a fifth straight meeting next week, swap market data showed..
• Immediate resistance is located at 1.3858 (38.2%fib), any close above will push the pair towards 1.3879(Higher BB).
• Support is seen at 1.3788 (50%fib) and break below could take the pair towards 1.3766(SMA 20).
Recommendation: Good to buy around 1.3830, with stop loss of 1.3770, and target price of 1.3870
