USD/CAD bounced from the 38.2% Fibo target at 1.3296 and has met the week’s resistance, stalling there at this juncture ahead of jobs data, both domestic and for the US.  USD/CAD is currently trading at 1.3359 and has travelled between a range of 1.3364 and 1.3372. 

USD/CAD had pierced back above the 50% Fibo on WTI stalling at a critical technical juncture, however, bulls have run out of steam, taking profits ahead of Friday’s jobs data from both Canada and the US. At the same time, the Ivey PMI in Canada in March climbed to 54.3 (seasonally adjusted) from 50.6 in February and bettered the analysts’ estimate of 51.1, helping the Loonie to fend-off extra demand for USD/CAD on the last day ahead of the

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