USD/CAD Bounces Up to Test Resistance as Traders Await Jobs Data, Weighing Fed and BoC Policy Outlook
- USD/CAD bounced up to test resistance at 1.3550 amid cautious investor sentiment
- Traders await US employment data and reassess Fed policy outlook
- Lower oil prices and expectations for a Bank of Canada rate pause weigh on the CAD
- The pair remains in a broader bearish trend below resistance at 1.3550
- Supports are at 1.3475 and 1.3420 if the bounce stalls