The Canadian Dollar remained almost unchanged versus the American Dollar after better than expected employment data was released. Canadian Unemployment Rate came out 8.3% versus 8.5% expected and 43K more workers added to the market, higher than 15.2K expected. Overall, USD/CAD traded with a low of 1.0644 and a high of 1.0780. USD/CAD has continued higher toward the 200 Daily Moving Average but wasn't able to remain above the 1.0750 resistance level. Today, Housing Starts are expected with 180K versus 175K prior.

USD/CAD - Last: 1.0645

Resistance

1.0780

1.0850

1.0900

Support

1.0645

1.0580

1.0550

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