USD/CAD Outlook (6 December 2019)

Overall, USD/CAD is moving across. Recently, USD/CAD’s downtrend come to a halt.
The Canadian employment data will be released later at 2130 (SGT).

Employment Change (Forecast: 10.0K, Previous: -1.8K)
Unemployment Rate (Forecast: 5.5%, Previous: 5.5%)

If the data released are better than or as forecasted, the Canadian dollar may strengthen.
Currently, USD/CAD is testing the support level of 1.31800 and the next resistance level is at 1.33300.
Look for trading opportunities only after the U.S. non-farm payroll data is released.