FxWirePro: USD/CAD gains modestly as markets await U.S. tariff announcement

• USD/CAD edged higher on Friday  as investors digested U.S. an d Canadian economic data and awaited the next round of Washington's trade tariffs.

• U.S. consumer spending rebounded in February, but fell short of expectations, while core prices surged at the fastest pace in 13 months, raising concerns about a period of slow growth and high inflation.

• Canada's GDP rose by 0.4% in January, maintaining positive momentum from previous months, but the preliminary estimate for February showed no growth in economic activity.

 • Attention is now on the new round of tariffs set to be unveiled by the Trump administration on April 2, with Trump suggesting that these measures may differ from the previously promised tit-for-tat duties.

•  Immediate resistance is located at 1.4326 (March 25th high), any close above will push the pair towards 1.4381(50%fib).

• Support is seen at 1.4244(61.8%fib).) and break below could take the pair towards 1.4198(Lower BB).

Recommendation: Good to buy around 1.4300, with stop loss of 1.4250 and target price of 1.4380