• USD/CAD dipped on Thursday as investors awaited U.S. President Donald Trump's next move on trade restrictions and other federal policies.
• Trump suspended planned tariffs on Mexico and Canada but imposed a 10% tariff on Chinese imports.
• Market volatility spiked after Trump's tariff announcement on Canada and Mexico, though he later postponed them for a month.
•The Bank of Canada is expected to cut policy rates by 50 bps by summer, with CPI inflation around the 2% target.
• At GMT 17:05, the pair was trading down 0.04% at 1.4310
• Immediate resistance is located at 1.4420(Jan 23rd high), any close above will push the pair towards 1.4511(38.2%fib).
• Support is seen at 1.4229(50%fib) and break below could take the pair towards 1.4234(Lower BB).
Recommendation: Be on sidelines
