A simultaneous release of US and Canadian jobs data is making today's early afternoon a very interesting one for USDCAD traders. Some short-term volatility on the USD market is likely to be present, especially if headline NFP data shows a big miss.
When looking technically at the USDCAD chart on the H4 interval, the pair is moving upward recently. Currently, it is worth paying attention to the resistance zone around 1.3070, which managed to fend off buyers several times. Should a break higher occur, upward move may accelerate towards Fibonacci's external measures: 127.2% and 161.8%. The zone at 1.2958, marked with a lower limit of the 1:1 structure, acts as the short-term support.
USDCAD, H4 interval. Source: xStation5
Daily summary: Week ends with Brent at 100$ and indices in the red
AUDUSD loses nearly 1% 📉
Three markets to watch next week (13.03.2026)
BREAKING: Canada Labor market keeps deteriorating 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
