SHORT OPPORTUNITY ON USDCAD

USD - BEARISH
1️⃣ ADP reporting significantly weaker than expected private payroll growth in July (167K vs. 2.3 million forecast).
2️⃣ The employment component of non-manufacturing ISM dropping to 42.1 from 43.1, all signs point to a slowdown in labor market recovery last month.
3️⃣ The US government is expected to deliver a new stimulus plan by the end of the week, but there were no signs of an agreement as congressional Democrats and White House officials continued to be divided on key components of the bill.

CAD - BULLISH
1️⃣ Oil prices jumped to its highest since March amid a massive decline in crude oil inventories and hopes for a fresh US stimulus package.
2️⃣ All major economic data in Canada printed positive.

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Technical
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📊 We look to short this pair on SBR level + SMA50 area.
📊 USDCAD in bearish zone.