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• USD/CAD slipped lower on Tuesday as higher oil price and weaker greenback boosted Canadian dollar.
• The U.S. dollar slipped lower on worries over the weakening labor market after data showed private employers reduced jobs last month.
•Preliminary figures from ADP Research on Tuesday showed that private employers cut an average of 11,250 jobs each week in the four-week period ending October 25.
• Oil prices ticked higher on Tuesday amid U.S. sanctions on Russian exports, though market oversupply concerns kept gains in check.
• At GMT 16:53,the dollar was down 0.09 % at 1.4008 against Canadian dollar.
• Immediate resistance is located at 1.4039(Daily high), any close above will push the pair towards 1.4121(Higher BB).
• Support is seen at 1.4008(38.2%fb) and break below could take the pair towards 1.3933(Lower BB).
Recommendation: Good to sell around 1.4010, with stop loss of 1.4060 and target price of 1.3940
