ANALYSIS: USDCAD PUSHES LOWER AFTER JOBS DATA
USDCAD has benefitted from the USD weakness as of late and is now making a push
for the key support of 1.3000. Price recently broke out of a bearish flag pattern on the daily chart and has continued to move lower.
The jobs number came in way over expectations at 304k but the unemployment rose and the wage growth declined and the sudden boost in USD has quickly fallen.
for the key support of 1.3000. Price recently broke out of a bearish flag pattern on the daily chart and has continued to move lower.
The jobs number came in way over expectations at 304k but the unemployment rose and the wage growth declined and the sudden boost in USD has quickly fallen.