Canadian payrolls fall in March- USD/CAD lifts to fresh session highs

The US monthly jobs report is not the only one of its kind due out today and as mentioned earlier this morning we have the Canadian March numbers too. They have just been released to the markets and it has missed estimates. Payrolls were forecast to rise by 10k, they have actually fallen by 32.6k. As covered here earlier the USD/CAD was on the rebound and as expected that rebound did extend. First it surpassed the initial resistance at 1.4176 and then push on towards the next noted level at 1.4221. The high seen ahead of this jobs data was set at 1.4209. The reaction to the data has seen it push higher again and just now hit a fresh session high at 1.4215, as it approaches that 1.4221 potential resistance level. In fact the USD/CAD has just lifted above that now, trading at 1.4225