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• USD/CAD declined on Monday as greenback attracted selles attention ahead of US election and likely interest rate cut from the Federal Reserve .
• Democratic candidate Kamala Harris and Republican Donald Trump remain almost tied in opinion polls and the winner might not be known for days after voting ends..
• This week also includes the Fed's policy meeting when the U.S. central bank is widely expected to cut rates by a standard 25 basis points on Thursday, rather than repeat the outsized half-point easing of its last decision.
• Immediate resistance is located at 1.3895(5SMA), any close above will push the pair towards 1.3955(23.6%fib).
• Support is seen at 1.3874 (38.2%fib) and break below could take the pair towards 1.3816 (50%fib).
Recommendation: Good to sell around 1.3890, with stop loss of 1.3950 and target price of 1.3800
