USD/CAD regained 1.3400 and above ahead of jobs data

After bottoming out near 1.3380, USD/CAD has now regained the 1.3400 handle and looks to extend the bounce ahead of the jobs report in US and Canada.

USD/CAD focus on jobs data

The pair seems to have renewed the bearish note in the second half of the week, currently recording its second straight session with losses following the recent rally in crude oil prices.

In fact, the barrel of West Texas Intermediate clinched fresh highs just below the $53.00 mark following prospects of potential disruptions after the US missile attack to a Syrian air base early on Friday.

Additionally, US yields plummeted in response to the US attack, although they managed to rebound from daily lows during the European session.

Later in the day, Canadian and US jobs report are due. Market consensus expects the US economy to have added 180K jobs during last month, while Canadian Net Change in Employment is seen increasing by 5K.

USD/CAD significant levels

As of writing the pair is losing 0.01% at 1.3412 facing the next hurdle at 1.3496 (high Mar.14) followed by 1.3517 (high Mar.10) and then 1.3536 (2017 high Mar.9). On the flip side, a break below 1.3375 (low Apr.4) would aim for 1.3292 (100-day sma) and finally 1.3251 (50% Fibo of the 2017 upside).