Data on employment in the USA

The US currency is under pressure across the entire spectrum of the market because of the publication of unexpectedly flat data on the number of employees in the non-agricultural sector, which amounted to 148K against the forecast of 190K. Despite the growth of wages, this report was very ambiguous. Because of this, one should expect multidirectional fluctuations in the range from 1.1980-1.2000 to 1.2100-30, which justifies expectations for an ambiguous report.

On the other hand, the general weakness of the American due to the ambiguous report and the rapid growth of employment in Canada caused a fall in the pair USD/CAD. As a result, this pair resumed the downward rally and approached a significant support of 1.2380-50, from which a correction may be formed.

Fig. USD/CAD. The current price is 1.2380.

Hanzenko Anton