• USD/CAD steadied on Monday as investors assessed domestic and U.S. economic data to gauge the Federal Reserve's monetary policy path..
• Canada's services economy contracted in June as geopolitical uncertainty and elevated prices dampened demand, S&P Global's Canada services PMI data showed on Monday.
• The headline Business Activity Index fell to 47.1 last month from 50.6 in May, marking the lowest level since February. A reading below 50 shows a contraction in activity.
•Traders are currently pricing in just one U.S. rate hike by the end of this year, according , while the Bank of Canada is expected to keep interest rates steady this year, with its next policy decision due on July 15.
• Immediate resistance is located at 1.4248(23.6%fib), any close above will push the pair towards 1.4318(Higher BB).
• Support is seen at 1.4136 (SMA 20) and break below could take the pair towards 1.4106 (38.2%fib).
Recommendation: Good to buy around 1.4200, with stop loss of 14100, and target price of 1.3280
