FxWirePro: USD/CAD steadies around 1.4200, retains bid tone

• USD/CAD steadied  on Monday as investors assessed domestic and ​U.S. economic data to gauge the Federal Reserve's monetary policy path..

•  Canada's services economy contracted in June as geopolitical uncertainty and elevated prices dampened demand, S&P Global's Canada services ​PMI data showed on Monday.

•  The headline Business Activity Index fell ‌to 47.1 last month from 50.6 in May, marking the lowest level since February. A reading below 50 shows a contraction in activity.

•Traders are currently pricing in just one U.S. rate hike by the end of this year, according , while the ⁠Bank of ​Canada is expected to keep interest rates steady ​this year, with its next policy decision due on July 15.

•  Immediate resistance is located at 1.4248(23.6%fib), any close above will push the pair towards 1.4318(Higher BB).

• Support is seen at 1.4136 (SMA 20) and break below could take the pair towards 1.4106 (38.2%fib).

Recommendation: Good to buy  around 1.4200, with stop loss of 14100,  and target price of 1.3280