Canadian dollar bank October 8, 2010
USD/CAD extended the decline and reached 1.0078 1.06 in yesterday. Despite USD/CAD closed above 1.01, breaking 1.05 this technical support, may trigger further downside risk on 1.04 USD/CAD. Ahead today, Canada will announce employment data, market expects the unemployment rate will be held at 1.03 8.1%. 1.02 1.01 Technical. If USD/CAD consistently trades below 1.01, then 1.00 further downside risk towards 0.9930 is on the cards.