FXstreet.com (Barcelona) - Canadian unemployment rate has declined in September to 8.4% from 8.7% in August on the back of a 30,000 increase on net jobs, market analysts expected net jobs creation to reach about 5,000. The Canadian Dollar has soared.
USD/CAD has declined further on the back of jobs data, and the Dollar decline from 1.0550 session high has extended to a fresh 12-month low at 1.0455.
At the moment, the Dollar remains right above 1.0460, in case of further decline, next support levels could be 1.0400 and 1.0350. On the upside, resistance levels lie at 1.0500, 1.0550 and 1.0630.