Home » Charts » 06/05/15: USDCAD Holds at 1.2550

06/05/15: USDCAD Holds at 1.2550

The USDCAD advanced on Friday with limited upside, as competing jobs reports kept the pair stable in the mid-1.25 region.

The USDCAD climbed 0.3 percent to 1.2544 after reaching a daily high of 1.2563. The pair is testing the June 2 high of 1.2537. A close above that level would target the psychological 1.26 level. On the downside, immediate support is located at 1.2456.

 

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The United States and Canada released official jobs numbers on Friday. Below is a breakdown of the releases:

US

  • Nonfarm Payrolls (May): 280,000
  • Unemployment Rate (May): 5.5%
  • Average Hourly Earnings (YoY) (May): 2.3%
  • Participation Rate: 62.9%

 

Canada

  • Net Change in Employment: 58,900
  • Unemployment Rate: 6.8%
  • Participation Rate: 65.9%

 

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