FxWirePro: USD/CAD downside pressure builds, key support level in focus

•USD/CAD eased on Monday as the dollar weakened as investors assessed  the potential impact of the Trump administration's tariffs on the world's largest economy.

• Over the weekend, Treasury Secretary Scott Bessent cautioned in an interview that there are "no guarantees" the United States will avoid a recession...

•His comments increased worries about the likelihood of an economic slowdown, with President Donald Trump's tariff policies heightening concerns over a potential trade war-induced recession.

• Investors are focused on the Fed's rate decision, scheduled for Wednesday, with market expectations strongly indicating that the U.S. central bank will keep interest rates unchanged.

 •At GMT 15:42, the pair was trading down 0.35 percent  at 1.4319

•  Immediate resistance is located at 1.4657(23.6%fib), any close above will push the pair towards 1.4747(High BB ).

• Support is seen at 1.4276(38.2%fib) and break below could take the pair towards 1.4161(23.6%fib).

Recommendation: Good to sell around 1.4350  with stop loss of 1.4450 and target price of 1.4250