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
Morning Wrap: Tech Crash in Asia and Hawkish Central Banks in the Shadow of an Oil Shock (13.10.2026)
📊Market Wrap: Europe Rebouns Despite Higher Oil and Dollar (12.10.2026)
Chart of the Day: Will the RBI's bold regulatory package rescue the rupee? (12.10.2026)
Morning Wrap: Oil cheaper despite attacks on Saudi Arabia, markets await CPI (12.10.2026)