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• EUR/CAD strengthened on Friday as the Canadian dollar continued to weaken ahead of next week's major market focus on the reciprocal tariff announcement.
• In his latest tariff move on Wednesday, Trump announced a 25% tax on imported vehicles and is set to reveal reciprocal tariffs on April 2.
•The focus has shifted to the U.S. reciprocal tariffs set for announcement on April 2, with Trump suggesting that the measures may not be the exact like-for-like levies he had previously promised
• On the data front, Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on Friday.
• Immediate resistance is located at 1.5524(38.2%fib), any close above will push the pair towards 1.5675(March 18th high).
• Support is seen at 1.5352(50%fib) and break below could take the pair towards 1.5152(61.8%fib).
Recommendation: Good to buy around 1.5460 with stop loss of 1.5350 and target price of 1.5550
