FxWirePro: USD/CAD uptrend loses steam, remains on bullish path

• USD/CAD eased on Tuesday  as Canadian dollar firmed as the US dollar eased ahead of US CPI data.

• US headline CPI is forecast to rise 0.6% month-on-month in September, accelerating from 0.4% in August, while annual inflation is expected to increase to 3.7% from 3.4%..

• Core CPI, which excludes food and energy, is projected to rise 0.2% monthly, slowing from 0.3% in the previous month.

• Traders see about an 80% chance that the Fed will leave rates unchanged at its October 27-28 meeting, up from ​51% a month ago, while pricing in about 75 basis points of tightening by late 2027, CME Group's FedWatch Tool showed.

.•Oil prices fell on Tuesday and were on track for their first decline in nearly a week as traders weighed the prospect of additional diesel supplies from Russia.

 •  Immediate resistance is located at 1.4298(23.6%fib), any close above will push the pair towards 1.4362(Higher BB.).

• Support is seen at 1.4187 (38.2%fib) and break below could take the pair towards 1.4165 (SMA20).

Recommendation: Good to buy around 1.3200 with stop loss of 1.3150 and target price of 1.3280