U.S. Dollar / Canadian Dollar

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U.S. Dollar / Canadian Dollar forum





USDCAD BUY Now: 1.365 (Strong support zone)
BUY Trigger: break and close above 1.375
Target: 1.385
Snapshot

USDCAD On the daily time frame, we are witnessing a downtrend that is about to break the valid low and go even lower.
Snapshot

USDCAD holds steady as USD softens slightly. Scotiabank sees neutral technicals for USD/CAD, with resistance at 1.3750/60 and support at 1.3630/40. Markets eye Canada’s jobs data tomorrow; copper tariffs pose export risks.


USDCAD

USDCAD LONG DAILY FORECAST Q3 D11
W28 Y25

It’s Fun Coupon Friday! 💸🔥

Professional Risk Managers👋

Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.

Let’s see what price action is telling us today! 👀

💡Here are some trade confluences📝



✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified

🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.

📈The rest, we leave to the balance of probabilities.

💡Fail to plan. Plan to fail.
🏆It has always been that simple.

❤️Good luck with your trading journey, I shall see you at the very top.

🎯Trade consistent, FRGNT X
Snapshot


USDCAD - CAD is due for a beating

1. Rate differential (CAINTR 2.75, USINTR 4.5)
2. Canadian economy already in a slowdown (potential need for further rate cuts) while US is holding pat on rates, likely widening rate gap further
3. US tariffs - anecdotally Canadian reciprocity will not suffice on this front, because the US imports more than it exports to Canada (roughly $63 billion in 2024)

😔🇨🇦