• USD/CAD initially dipped but recovered ground on Thursday as investors digested US jobless claims data.
• According to data, the number of new claims for state unemployment benefits increased by 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30.
• Looking ahead, markets will look to U.S. non-farm payrolls for further clues about the health of the world's largest economy.
• At GMT 19:06, the pair was down 0.11% at 1.4056, the pair hit daily low at 1.4014.
• Immediate resistance is located at 1.4105(23.6%fib), any close above will push the pair towards 1.4134 (Higher BB).
• Support is seen at 1.4000(Psychological level) and break below could take the pair towards 1.3979(38.2%fib).
Recommendation: Be on sidelines
