• USD/CAD edged higher on Friday as investor sentiment improved amid hopes for a de-escalation in the U.S.-China trade war.
• U.S. President Donald Trump on Thursday predicted import tariffs on Beijing of 145% would likely come down as officials from the world's top two economies gear up for negotiations in Switzerland...
• Investors await U.S.-China talks in Switzerland this weekend, seen as a possible first step toward easing the trade war between the world’s two largest economies.
.• A pivotal week in global monetary policy concluded with contrasting decisions from two major central banks. The U.S. Federal Reserve opted to hold interest rates steady, signaling a wait-and-see approach as it monitors the impact of existing policies and global economic developments.
.•Meanwhile, the Bank of England moved in the opposite direction, cutting its benchmark rate by 25 basis points in response to slowing domestic growth and heightened external risks.
• Immediate resistance is located at 1.3973(April 15th high), any close above will push the pair towards 1.4000(Psychological level).
• Support is seen at 1.3895(38.2%fib) and break below could take the pair towards 1.3846(SMA 9).
Recommendation: Good to buy around 1.3900, with stop loss of 1.3820 and target price of 1.4000
