• USD/CAD eased on Monday as investors assessed the long-term effects of President Trump's tariff decisions on both economies.
•U.S. President Donald Trump stated that he was not considering pausing tariffs for trade negotiations but mentioned he would engage in talks with China, Japan, and other countries regarding the duties.
• Traders have increased their expectations for more Federal Reserve rate cuts this year, anticipating that policymakers will need to ease more aggressively to support growth in the world's largest economy.
• Market participants will focus on Fed Chair Jerome Powell's speech on Friday for clues about the U.S. economy and interest rate outlook.
• Immediate resistance is located at 1.4352 (38.2%fib), any close above will push the pair towards 1.4445(Higher BB).
• Support is seen at 1.4212(50%fib) and break below could take the pair towards 1.4130(Lower BB).
Recommendation: Be on sidelines
