• USD  benefits from expectations of mid-year Fed rate hike
  
  
• 1.2711 = 5week high for USD/CAD
  
  
• FOMC meets next week (Mar 17-18)
  
  
• USD/CAD bull targets include 1.28 (Jan 30 high) & 1.30
  
  
• 1.2664 (European am low) & 1.2627 (Mar 6 high) support
  
  
• Key Canadian event risk is Friday's Feb jobs data
  
  
• 5k drop in employment expected. Jobless rate forecast to rise to 6.7%, from 6.6%