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9 Aug 2013
USD/CAD jumps as Canadian jobs report disappoints
FXstreet.com (Córdoba) - The USD/CAD bounced from lows as the loonie slumped after data showed Canada lost 39.4K jobs in July, well below expectations of 10K new jobs.
USD/CAD turns positive after Canadian employment
USD/CAD rose over 50 pips from the 1.0295/1.0300 area where it was trading just before the release, toward a fresh daily high of 1.0346. However, the USD/CAD stalled ahead of the 200-hour SMA and it is currently around 1.0340, now up 0.1% on the day, having been as low as 1.0287 minutes ago.
USD/CAD technical levels
In terms of technical levels, the USD/CAD could find immediate resistances 1.0350 (200-hour SMA) and 1.0375 (100-hour SMA), while supports are seen at 1.0280 (100-day SMA) and 1.0245 (Jul 31 low).
USD/CAD turns positive after Canadian employment
USD/CAD rose over 50 pips from the 1.0295/1.0300 area where it was trading just before the release, toward a fresh daily high of 1.0346. However, the USD/CAD stalled ahead of the 200-hour SMA and it is currently around 1.0340, now up 0.1% on the day, having been as low as 1.0287 minutes ago.
USD/CAD technical levels
In terms of technical levels, the USD/CAD could find immediate resistances 1.0350 (200-hour SMA) and 1.0375 (100-hour SMA), while supports are seen at 1.0280 (100-day SMA) and 1.0245 (Jul 31 low).