VIDEO:The Canada job release surprises. What next for the USDCAD and other currency pairs.

The Canadian jobs report surprised for the second month in a row with a huge increase of 150,000 vs. 15,000 estimated. This follows last month’s strong report of over 100,000. The gain sent USDCAD sharply lower and below the 200-hour MA, which has stopped the decline over the past two trading days. EURUSD weighs on the low of the week and below the swing area. USDJPY is reacting to BOJ Governor noises but trying to hold 200 hour MA now negative.

Ethan Andrews

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