USDCAD USD/CAD faces selling pressure as the US Dollar underperforms in the aftermath of the US NFP data. Private sector hiring slowed significantly, while public sector hiring proved surprisingly robust.The imposition of higher tariffs by the US on Canada will dampen the outlook for the Canadian Dollar.
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.
USDCAD The USD/CAD pair trades in negative territory near 1.3585 during the early Asian session on Thursday. The US Dollar remains under selling pressure amid mounting US debt concerns, tariff policies uncertainty and rising interest rate cut bets.