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Forex pairs in this Article » USD/CAD (Barcelona) - The USDCAD has plunged over 35 pips on the heels of some solid data out of the United States and Canada. As investors digest the information, the cross was seen trading in the region of 0.9759, down -0.46% in these moments.

In the United States, the highly anticipated Nonfarm Payrolls yielded a result of 114K in September, against a consensus of 113K and compared with 142K in the previous month. Moving along, the Unemployment Rate was reported at 7.8% in September, relative to projections of 8.2% and down from 8.1% last month. In Canada, the Unemployment Rate came in at 7.4% in September, missing consensus expectations of 7.3%. Finally, the Net Change in Employment was revealed to be 52.1 in September.

Briefing the technicals, the technical analyst team at calculates the next supports at 0.9751 followed by 0.9702 (the pair is currently testing the 0.9779 level). Conversely, resistive structures will activate whereupon the levels of 0.9856, 0.9905, and 0.9930 are encountered.
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