Analyst
The commodity supported Loonie gained traction buoyed by the strong rebound in prices of crude oil because of the tensions in the Middle East. Forecasts suggest that Canadian employment statistics will be softer than the US counterpart, resulting in a rise in USD/CAD prices if expectations are met.
The pair is trading narrowly ahead of the all-important job data from the two countries. I encourage traders to watch out for 1.25171 for buy trade with take profit at 1.25481 and 1.24873 for potential sell trade with take profit at 1.24313
Employment Change (CAD) 1:30 PM
Unemployment Rate (CAD) 1:30 PM
Average Hourly Earnings m/m (USD) 1:30 PM
Non-Farm Employment Change (USD) 1:30 PM
Unemployment Rate (USD) 1:30 PM
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