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FxWirePro: USD/CAD steadies around 1.4450 level, retains bid tone

• USD/CAD strengthened on Friday as threat of U.S. tariffs on Canadian imports and political uncertainty weighed on  Canadian dollar.

• Trump has threatened a 25% tariff on Canadian exports unless Ottawa strengthens border controls.

• Canadian Prime Minister Justin Trudeau has been under increasing pressure to quit since his finance minister resigned on Dec. 16.

• Investors await monthly employment data from Canada and the U.S. next week for insights into the monetary policy direction in both economies.

•  Immediate resistance is located at 1.4477 (23.6%fib), any close above will push the pair towards 1.4534(Higher BB).

• Support is seen at 1.4383(Daily low) and break below could take the pair towards 1.4294(38.2%fib).

Recommendation: Good to buy  around 1.4430, with stop loss of 1.4300 and target price of 1.4500

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