CADCHF Chart Technical Outlook nears the bottom of the range at 0.6234, next moves depend on Canada’s jobs report.
All eyes are on US Nonfarm Payrolls, but Canada releases jobs data at the same time. If Canada’s data disappoints, it could fall sharply, falling out of the tight 0.6234-0.6322 range. The next lines are 0.6150 and 0.6060. Resistance is at 0.6218 and 0.6322. The broader trend is down.
Expectations stand at 26.5K new jobs, but Canada’s labor data is all over the place, printing massive losses and massive gains.
