FxWirePro: USD/CAD slides as investors evaluate U.S. and Canadian jobs data

• USD/CAD slipped lower on Friday as investors assessed the U.S. and Canadian jobs data.

• Nonfarm payrolls rose by 143,000 in January, following a revised 307,000 increase in December, according to the Labor Department’s report.

•Meanwhile, Canada's unemployment rate unexpectedly dropped, with the economy posting solid job gains

•Canada's January unemployment rate fell to 6.6%, down from 6.7% in December, with the economy adding 76,000 jobs, slightly lower than the revised 91,000 in December but still a strong gain.

 • At GMT 16:37 ,the dollar   was down 0.16 % at 1.4284 against Canadian dollar.

•  Immediate resistance is located at 1.4350(Daily high), any close above will push the pair towards 1.4429(50%fib).

• Support is seen at 1.4272 (61.8%fib) and break below could take the pair towards 1.4213 (Lower BB).

Recommendation: Good to sell around 1.4290, with stop loss of 1.4350,  and target price of 1.4220