• USD/CAD s steadies around 1.3920 level on Tuesday as investors took comfort from signs of de-escalation in hostilities in the Middle East, while keeping an eye on the Bank of Canada's rate decision due on Wednesday. .
• Iran and Israel halted attacks on each other, but caution lingered as talks between Washington and Tehran have yet to yield a lasting deal and the Strait of Hormuz remains closed..
• Oil prices fell around 2%, erasing most of the previous session's gains, as easing supply concerns weighed, though both Iran and Israel warned they could resume hostilities.
• Investors awaited the Bank of Canada's rate decision on Wednesday, with markets expecting rates to remain unchanged at 2.25% for a fifth straight meeting...
•The price of oil one of Canada's major exports, pared its earlier gains to settle 0.8% higher at $91.30 a barrel after Iran and Israel said they had halted attacks on each other.
• Immediate resistance is located at 1.3965(23.6%fib), any close above will push the pair towards 1.4000(Psychological level).
• Support is seen at 1.3924(Daily low) and break below could take the pair towards 1.3862(38.2%fib).
Recommendation: Good to buy around 1.3920 with stop loss of 1.3870 and target price of 1.3980
