• USD/CAD hit three week high on Thursday as dollar rose after looming tariffs on Canada and Mexico became unclear after Trump hinted that they could begin on April 2.
• U.S. President Donald Trump proposed extending new tariffs on Mexican and Canadian imports by a month, with potential implementation set for April 2.
•Additionally, he suggested imposing a 25% "reciprocal" tariff on European automobiles and other goods.
• Investors' focus now turns to the U.S. Personal Consumption Expenditures (PCE) index due on Friday, expected to remain at 0.3% according to analysts.
• Immediate resistance is located at 1.4451(50%fib), any close above will push the pair towards 1.4533(Higher BB).
• Support is seen at 1.4316(61.8%fib) and break below could take the pair towards 1.4234(Feb 25th low).
Recommendation: Good to buy around 1.4410, with stop loss of 1.4320 and target price of 1.4510
