Canadian dollar edges up on higher Oil Prices, Employment Eyed

Support 3 1.2621 (July 6, 2015)

Support 2 1.2650 (10, 25, 50 DMA)

Support 1- 1.2672 (July 10, 2015)

Spot Rate- 1.2721

Resistance 1 1.2744

Resistance 2 1.2780 (Daily Cloud base)

Resistance 3 1.2833 (March 18, 2015)

• Canada's dollar ticked up on higher oil prices.
   
• Crude oil's recovery, triggered by stabilization of Chinese equities, boosted the resource-linked loonie.
   
• Markets have now shifted their focus to today's release of Canadian employment data.
   
• Canada June jobs data 1230GMT. Employment f/c -10k, jobless rate f/c 6.9%.
   
• Worse than expected data would raise risk of BOC rate cut next week.