美加贸易缓和未提振加元，美元兑加元1.3650震荡，聚焦非农数据！

Group 1 - The trade relationship between the US and Canada shows signs of easing, but this positive development has not had the expected uplifting effect on the Canadian dollar exchange rate, which is currently fluctuating around 1.3650 against the US dollar [1][2] - The Canadian government has announced the cancellation of the digital services tax, which paves the way for the resumption of trade negotiations between the two countries. This decision ends a heated dispute over the tax, which was set to impose a 3% tax on revenues from digital services provided to Canadian users by tech companies [2] - The US government strongly opposed the digital services tax, arguing that it primarily affects large American tech companies such as Amazon and Google, and previously threatened to halt all trade negotiations with Canada [2] Group 2 - The technical analysis of the USD/CAD exchange rate indicates significant resistance, with the price facing selling pressure each time it approaches the 20-day exponential moving average. The relative strength index is hovering around 40, and a drop below this level would signal further bearish sentiment [3] - The key support level is at the June 16 low of 1.3540, and if this level is breached, it could open up a decline towards the psychological level of 1.3500 [3] - The upcoming US non-farm payroll data is a central focus for the market, with expectations that the Federal Reserve will maintain interest rates at the July meeting, while a 25 basis point rate cut in September has been fully priced in [3]