Earlier in the New York session CAD got a boost as the Canadian Unemployment Rate for April came in better-than-expected at 5.7% vs. 5.8% while the Net Change in Employment for April smashed expectations at 106.5K vs. 10K.  The USD/CAD pair lost about 90 pips on the news but is now stabilizing near 1.3340 level.  USD/CAD daily chart USD/CAD stays in the 1.3400-1.3500 range while the market holds above the 200 SMA. USD/CAD 4-hour chart The market is trading above its main SMAs suggesting bullish momentum in the medium term.  USD/CAD 30-minute chart There was strong buying at 1.3380 as the bulls intend to erase Friday’s losses. The market remains in balance with the bulls intending to break above 1.3440, 1.3460 resistance to reach once again 1.3500 figure. To the downside, bears will need to break below 1.3400 to retest 1.3380 and potentially reach 1.3350.  Additional key levels  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Treasury Sec. Mnuchin: China trade talks were constructive FX Street 3 years  Earlier in the New York session CAD got a boost as the Canadian Unemployment Rate for April came in better-than-expected at 5.7% vs. 5.8% while the Net Change in Employment for April smashed expectations at 106.5K vs. 10K.  The USD/CAD pair lost about 90 pips on the news but is now stabilizing near 1.3340 level.  USD/CAD daily chart USD/CAD stays in the 1.3400-1.3500 range while the market holds above the 200 SMA. USD/CAD 4-hour chart The market is trading above its main SMAs suggesting bullish momentum in the medium term.  USD/CAD 30-minute chart There was strong… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
