U.S. Dollar / Canadian Dollar

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U.S. Dollar / Canadian Dollar forum


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)

😔🇨🇦


USDCAD What we're seeing here is smart money unloading into this emotional rally. Reversal or stall to follow.


USDCAD Trump said, he's going to send tariff letters to EU, Canada on Friday. That's why it's rising right now.

USDCAD y'all feed on this been waiting all week for this one
Snapshot