USD/CAD Outlook (10 February 2020)

Overall, USD/CAD is trending upwards. Recently, USD/CAD moved higher into the resistance level of 1.33150.
The Canadian employment data released last Friday were better than forecasted. Despite the positive Canadian jobs report, the Canadian dollar strengthened only for a short period of time.

Employment Change (Actual: 34.5K, Forecast: 16.3K, Previous: 35.2K)
Unemployment Rate (Actual: 5.5%, Forecast: 5.7%, Previous: 5.6%)

Currently, USD/CAD is testing the resistance level of 1.33150 and the next support level is at 1.31800.
Stay out of USD/CAD for now.