USDCAD - 2 July, stabilize tariffs back, accumulate prices

2 Jul

USDCAD trend forecast July 02 , 2025

💬The USD/CAD pair edges higher in early Asian trading on Wednesday, hovering near the 1.3645 mark, as the US Dollar regains composure against the Canadian Dollar amid upbeat labor market data. The recovery in the Greenback follows a surprise uptick in US job openings, hinting at a still-resilient employment landscape that could delay the Federal Reserve’s timeline for rate cuts.

Data released Tuesday showed JOLTS Job Openings rising to 7.76 million in May, well above both the previous month’s 7.395 million and the consensus forecast of 7.3 million. This labor market strength lends the USD some underlying support ahead of the highly anticipated ADP Employment Change report due later in the session.

Meanwhile, Fed Chair Jerome Powell maintained a data-dependent stance, emphasizing patience on policy easing while not dismissing the possibility of a July rate cut. The central bank left its benchmark interest rate unchanged last month, holding the fed funds target at 4.25%–4.5%, where it has remained since December—further reinforcing the market’s cautious tone.

💬 US and Canada tariff tensions have been controlled, prices will continue to accumulate and stabilize.

🥇/// BUY USDCAD: zone 1.36250 - 1.36150

SL: 1.35850

TP: 40 - 60 - 100 PIPS ( 1.37150 )


Safe and profitable trading

2 Jul

Dagangan aktif

USDCAD has not changed much, waiting for ADP-NF news