USD/CAD clings to labour market data in the vicinity of the 14-month high on its profits

FXStreet – The USD/CAD remains the 11. Sitting in a row in profit, but they are beneath 1.3800 limited, after the labour market data from the US and Canada have been published.

The Pair failed to make new purchase to generate interest, although the NFP reading was in April with 211K better than expected. The reading was slightly better than the expected 185K, but the month-on-month result had to be revised from 98K to 79K down.

The unemployment rate in the country unexpectedly fell to 4.4 %, while with an increase of 4.6 % was expected. Average hourly earnings rose as expected by 0.3%.

Canadian employment increased in April to 3.2 K, what was worse than the expected 10K, while the unemployment rate of 6.7 % fell in March to 6.5 %.

Important Levels

Supports lie at 1,3750, 1,3700 and 1,3655/50. On the other hand, Resistances are above 1,3800 at 1,3840/45 and 1,3880.

** FXStreet News Editorial, FXStreet**

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