USD/CAD short trade ideaUSD/CADOANDA:USDCADTrader_GeserBased on the latest USD and CAD macroeconomic data, I am monitoring USD/CAD for a short setup. USD side: USD fundamentals continue to weaken. Labor market data remains soft (-105k vs +64k), inflation momentum is losing strength despite elevated CPI (4.4%–4.6%), and bond yields are compressing (3.0% → 2.7% and 3.0% → 2.6%). The Fed’s rate cut from 4.00% to 3.75% confirms an easing trajectory, eroding USD’s yield and policy advantage. CAD side: Canadian data shows relative stabilization. Employment surprised positively (+66.6k vs -53.6k), unemployment improved (6.9% → 6.5%), inflation remains steady at 2.2%, and yields are stable (2.9%). The BoC policy rate remains unchanged at 2.25%, signaling policy steadiness rather than dovish escalation. This provides structural support for CAD. From a relative growth, labor, and policy momentum perspective, CAD maintains an advantage over USD. With USD under easing pressure and CAD fundamentals holding firm, downside risk in USD/CAD is favored. Accordingly, I am watching USD/CAD for a short entry, pending technical confirmation and disciplined risk execution.