• USD/CAD eased on Friday as market attention remains locked on Trump and his escalating trade war.
•Trump's erratic tariff onslaught and retaliations from Canada and the European Union kept investors cautious.
•Mark Carney was sworn in as Canada's new prime minister following Justin Trudeau's resignation, marking the end of nearly a decade in power.
• Carney, a former central banker, sees himself as the best candidate to challenge U.S. President Trump, who has threatened annexation and tariff wars, risking a Canadian recession.
• On the economic front, Canadian wholesale trade grew by 1.2% in January from December, driven by growth in motor vehicles and parts, as well as the building materials and supplies subsectors.
• Immediate resistance is located at 1.4461 (38.2%fib), any close above will push the pair towards 1.4532(Higher BB).
• Support is seen at 1.4365(50%fib) and break below could take the pair towards 1.4262(61.8%fib).
Recommendation: Good to buy around 1.4360, with stop loss of 1.4300 and target price of 1.4430
