| USDCAD is breaking lower as oil prices surge more than 12% on the day, adding pressure to the pair alongside a weaker U.S. dollar following the softer jobs report. The decline has pushed the price below the key trading range between 1.3624 and 1.3724, triggering further selling momentum. With that break, the pair has moved through additional swing levels at 1.3603 and 1.3593 and is now targeting the next downside level near 1.3575. For the bias to shift back toward the upside in the new trading week, the price would need to move back above 1.3624. Absent that move, sellers remain firmly in control. |
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