• USD/CAD dipped on Tuesday as investors avoided risk ahead of U.S. President Donald Trump's planned reveal of reciprocal tariffs on Wednesday.
• Trump announced late Sunday that all countries would face new tariffs this week, but provided no specific details.
• Trump is set to announce tariffs on Wednesday, aligning U.S. duties with those of other nations. He mentioned on Sunday that the levies will affect all countries, though specific details remain unclear.
• U.S. manufacturing contracted in March after two months of growth, while factory gate inflation reached its highest level in nearly three years.
•At GMT 15:46, the pair was trading up 0.51 percent at 1.4316
• Immediate resistance is located at 1.4452 (23.6%fib), any close above will push the pair towards 1.4478(Higher BB).
• Support is seen at 1.4278(38.2%fib) and break below could take the pair towards 1.4214(Lower BB).
Recommendation: Good to buy around 1.4300, with stop loss of 1.4220 and target price of 1.4400
