Forex: USD/CAD remains in session lows

FXstreet.com (Barcelona) - The Loonie continues its sharp appreciation against its fellow neighbor on Friday, after the Canadian jobless rate ticked lower to 7.1% during December, beating expectations and November's print, dragging the cross from the 0.9920 region to the actual lows in the mid 0.9800s

"Prices are rebounding from support at 0.9844& Near term resistance is at 0.9894, the 38.2% retracement, with a push above that aiming for the December 28 swing high at 0.9969. Alternatively, a reversal below support targets the 61.8% Fib at 0.9794", writes Currency Strategist I.Spivak at DailyFX.

At the moment, USDCAD is down 0.21% at 0.9856 with the immediate support at 0.9836 (low Jan.2) ahead of 0.9832 (low Dec.18) and 0.9825 (low Dec.13).
On the upside, a surpass of 0.9922 (MA10d) would clear the way to 0.9943 (high Jan.2) and then 0.9969 (high Dec.28).