USDCAD Tumbles as Soft NFP and Head-and-Shoulders Setup Put 1.3720 Neckline at Risk

The Story

News Summary

USD weakness after soft US NFP and dovish Fed bets pressured markets while weak Canadian jobs added volatility; technicals show a potential head-and-shoulders with a 1.3720 neckline, targeting 1.3550 if broken ahead of US PPI/CPI catalysts.

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1.39 +0.72% over the displayed period

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