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USD/CAD softens, ,market focus on tariffs and Canada vote

• USD/CAD dipped on Monday as   investors monitor trade negotiations and Canadian elections,

• Canadians head to the polls on Monday following an election campaign dominated by U.S. President Donald Trump's tariffs and his controversial comments about annexing Canada.

•Trump’s threats sparked a surge of patriotism, boosting support for Liberal Prime Minister Mark Carney, a political newcomer and former head of two G7 central banks.

•  Technical highlight downside  risks for USD/CAD, with momentum studies, 5, 10 and 11 DMAs tracking south.

•  Immediate resistance is located at 1.3881 (50%fib), any close above will push the pair towards 1.3964 (61. 8%fib).

• Support is seen at 1.3810 ( 38.2%fib) and break below could take the pair towards 1.3710 (23.6%fib).

Recommendation: Good to sell  around 1.3830 with stop loss of 1.3900 and target price of 1.3750

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