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• USD/CAD eased slightly on Tuesday as Canadian dollar firmed after domestic data showed stronger-than-expected economic growth .
• Canada's economy grew 0.5% in April, the strongest monthly gain in nine months, easing concerns over a deeper tariff-driven slowdown..
•Economists had forecast a gain of 0.4%, while a preliminary estimate for May showed growth of 0.1%.
•The Trump administration is expected to formally announce on Wednesday that it will not renew the USMCA (CUSMA in Canada), triggering a 10-year countdown to wind down the North American trade pact.
• Immediate resistance is located at 1.4012(Daily high), any close above will push the pair towards 1.4085(23.6%fib).
• Support is seen at 1.4119(38.2%fib) and break below could take the pair towards 1.4083(SMA 20).
Recommendation: Good to buy around 1.4180, with stop loss of 1.4160, and target price of 1.4230
