FxWirePro:USD/CAD gains some ground , but overall tone stays negative

• USD/CAD recovered towards  1.3900  level on Wednesday as investors welcomed U.S. President Donald Trump's assurance that he would not fire Federal Reserve Chairman Jerome Powell..

• Markets have been unsettled this week amid concerns over the Fed’s independence, following Trump’s renewed criticism of Chair Powell for not cutting interest rates.

• Trump signaled a desire for a trade deal with China involving far lower tariffs than 145%, adding he would set the terms if Beijing refused to negotiate.

• All eyes are on Friday’s Canadian retail sales, which will offer insight into consumer spending as the country faces economic uncertainty linked to U.S. tariffs.

 •  At GMT 10:01, the pair was trading up 0.59 percent  at 1.3895

•  Immediate resistance is located at 1.3906 (April 17th high), any close above will push the pair towards 1.3957(38.2%fib).

• Support is seen at 1.3785(23.6%fib) and break below could take the pair towards 1.3665 (Lower BB).

Recommendation: Good to sell  around 1.3900, with stop loss of 1.4000 and target price of 1.3830