The US will publish Unemployment Rate, Non-Farm Payrolls and Average Hourly Earnings. Canada will release Unemployment Rate and Employment Change.
The pair is finding support at 1.27480 with resistance at 1.28510 which the weekly pivot point at 1.27820 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
The price is falling down but the support line seems to be too strong to be violated. USDCAD will be fluctuating within the support and resistance lines.