USDCAD Daily Chart
USD/CAD is looking quite nice here, as it's respecting the 38.2% fib and level of resistance.
And from a macro prospective: Bank of Canada came out with hawkish commentary following their rate decision this morning, which could fuel the downside move.
One must not ignore NFP this Friday. NFP could either refuel the trend lower or crush the idea. Nonetheless, I'm bearish on the pair for now.
I am taking trades / sharing updates in our VIP group. Our 40% off sale ends Friday!
If you have any questions about the group, would like to explore it, etc, please chat here
— Alan
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3September 2, 2026 2.1K 2
