FxWirePro: USD/CAD dips as Canadian dollar gains on oil surge and soft U.S. payrolls

• USD/CAD slipped  lower on Friday  as downbeat US jobs data and  rising oil  prices supported Canadian dollar.

•    The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a deterioration in labor market conditions ​that could put the Federal Reserve in a difficult spot amid rising oil prices.

• Nonfarm payrolls decreased by 92,000 jobs last month after a downwardly revised 126,000 increase in January, the Labor Department's Bureau of Labor Statistics said..

• Sepate data showed , US retail sales dropped by 0.2% in January 2026, contradicting some forecasts, which ranged from slight growth to a decline.

• U.S. crude oil futures surged more than 10% on Friday, narrowing the gap with Brent as buyers rushed to secure available supply.

• Immediate resistance is located at 1.3646(SMA 20), any close above will push the pair towards 1.3697(50%fib).

• Support is seen at 1.3601(38.2%fib) and break below could take the pair towards 1.3563(Lower BB).

Recommendation: Good to sell around 1.3610, with stop loss of 1.3680 and target price of 1.3550