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.
