• USD/CAD edged higher on Thursday as investors awaited monthly jobs data from Canada and the U.S. for clues on future interest rates.
• Markets will focus on U.S. nonfarm payrolls data on Friday to assess inflation trends and the Federal Reserve's policy direction.
• Canadian employment data due Friday could shape expectations for potential policy easing by the Bank of Canada.
• Trading volumes were lighter than usual as U.S. markets remained closed for a national day of mourning honoring former President Jimmy Carter.
• Immediate resistance is located at 1.4459 (38.2%fib), any close above will push the pair towards 1.4501 ( Higher BB)
• Strong support is seen at 1.4351 (38.2%fib) and break below could take the pair towards 1.4265(50%fib).
Recommendation: Good to buy around 1.4350, with stop loss of 1.4280 and target price of 1.4450
