Canadian Employment Change (Apr) Falls to -19.7 K ,USDCAD Tests Resistance !!

forex vqlxh6 min
forex vqlxh6 min

The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

The Canadian Employment Change fell from 28.7 K to -19.7 K in the previous month , analysts had expected it to  fall towards -5.0 K last month…

This development should keep USDCAD neutral with possible to break higher , focus will be on the key resistance 1.2132 , a break above this level couldn’t be ruled out …………you may read USDCAD forecast :

USDCAD- daily

Further reading:

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