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FxWirePro: USD/CAD bulls need more gains to zero in on key fibo resistance

• 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

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