So we have U.S non farm payrolls coming out on Friday with a forecast of 180k, and previous NFP was 255k. The question is how is the U.S job market performing? We have a lower than expected number forecasted compared to the previous. If the actual number turns out to be worse or better, what impact it will have on USD/CAD?
Looking at USD/CAD pair we can see that the previous 3rd wave was down, and currently formed an elliot wave triangle(trading in the 4th wave), the only hint i can see in this daily chart structure is that we are currently trading at point e. So my sentiment is that the 5th wave should go to the downside, hence expecting a bearish impact of after tomorrow economic number releases
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