Canadian jobs in focus this afternoon as the USD/CAD lifts this morning

The slide in the US dollar since earlier this week has seen the USD/CAD fall from a high at 1.4415 on Tuesday, to a low at 1.4028 yesterday. That almost 400 pip slide was not just about the fallout across the wider dollar, but also due to the fact that Trump held off on further Canadian trade tariffs on Wednesday evening. Now later today we get the US and Canadian monthly jobs reports and that could have an impact, but in truth there will need to be some major surprises on both to eclipse current market dynamics. It is not often we might say that, but that is where the markets are right now on all this. The USD/CAD closed last night at 1.4097. It has managed to win back a little more ground so far today, rising to 1.4149 just now. Looking at the chart of the price action, it looks like it might be able to rebound a bit more. If it does here are some potential short-term resistance levels to note. The first is at 1.4176 and thereafter comes 1.4221. Major support is in place lower down at 1.3995 where the 200 day moving average is in place right now. The USD/CAD is currently trading at 1.4149