FxWirePro: USD/CAD sustains gains as uptrend remains strong

• USD/CAD firmed on  Friday as investors weighed Canada–China trade developments and Fed leadership prospects.

• Trump praised Kevin Hassett at the White House, signaling he may keep him in his current role as he weighs his pick for the next Fed chair.

• Canada and China reached an initial trade deal to cut tariffs on electric vehicles and canola, with both sides pledging to ease trade barriers and deepen strategic ties, Prime Minister Carney said.

•The price of oil   one of Canada's major exports, settled 0.4% higher at $59.44 a barrel on

Domestic data showed that housing starts increased 11% in December from November at a seasonally adjusted annualized rate, beating estimates..

•  Immediate resistance is located at 1.3949(38.2%fib), any close above will push the pair towards 1.3970 (38.2%fib).

• Support is seen at 1.3895(50%fib) and break below could take the pair towards 1.3794 (SMA20).

Recommendation: Good to buy  around 1.3900, with stop loss of 1.3820 and target price of 1.3960