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USDCAD has declined after a minor till 1.32300 for the day after better thane expected Canadian jobs data. The Canadian economy has added 81000 jobs in Aug compared to forecast of 18.9k and unemployment rate at steady 5.7% while US NFP came at slightly weaker than the estimate 164K at 130000. The pair hits an intraday low of 1.31770 and is currently trading around 1.31829. It is currently trading around 1.31787.
Crude oil prices have once again declined after minor above $57 on global slow down concern. Any break below $54.75 confirms major weakness. It is currently trading around $55.17.
On the flip side, major support is around 1.3180 and any violation below targets 1.3140 (61.8% fib)/1.3090.
The near term resistance is around 1.3235 and any convincing break above will take the pair to next level till 1.3265/1.3300. Any break above 1.3380 high made on Sep 3rd 209 confirms bullish continuation.
It is good to sell on rallies around 1.3190-925 with SL around 1.3235 for the TP of 1.3095.
