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   “¢   The pair was seen consolidating overnight strong gains to fresh weekly tops and now seems to have formed a firm base near the 200-hour SMA.  

   “¢   Technical indicators on hourly charts remain supportive of the bullish move, though are yet to catch up with the positive momentum on the daily chart.  

   “¢   The fact that the pair is holding well above intraday important moving averages – 50, 100 & 200-hour SMA, support prospects for an extension of the recovery move.

   “¢   Currently hovering around 50% Fibonacci retracement level of the 1.3082-1.2782 downfall, traders await the release of NFP report for fresh directional impetus.

USD/CAD 1-hourly chart


       Last Price:  1.2936
       Daily change:  14  pips
       Daily change:  0.108%
       Daily Open:  1.2922
       Daily SMA20:  1.2975
       Daily SMA50:  1.302
       Daily SMA100:  1.3052
       Daily SMA200:  1.2868
       Daily High:  1.294
       Daily Low:  1.2856
       Weekly High:  1.3083
       Weekly Low:  1.2904
       Monthly High:  1.3228
       Monthly Low:  1.2882
       Daily Fibonacci 38.2%:  1.2907
       Daily Fibonacci 61.8%:  1.2888
       Daily Pivot Point S1:  1.2871
       Daily Pivot Point S2:  1.2821
       Daily Pivot Point S3:  1.2787
       Daily Pivot Point R1:  1.2955
       Daily Pivot Point R2:  1.2989
       Daily Pivot Point R3:  1.3039