kiriss5678 Posted October 9, 2012 Report Posted October 9, 2012 Cozfx: For the 23:00 GMT on Friday, the USD dropped 0.25% against the CAD to close at 0.9787. In the Asian session, the pair is trading at 0.9777, with the USD trading 0.10% lower from Friday’s close. The Canadian Dollar rise after reports demonstrated that the Canadian economy added significantly more jobs than forecast in September. The net change in employment rise by 52,100 in September, against the expected 10,000. At the same time, unemployment rate in Canada rise to 7.4% in September, up from 7.3% in the previous month. Furthermore, Canadian building permits rise to a seasonally adjusted annual rate of 7.9% in August, from 2.8% fell in the preceding month. Technically, USD/CAD predicted to find its first resistance at 0.9814, and a rise through might take it to the next resistance line of 0.9852. In addition, the pair is predicted to find support at 0.9737, and a fell through might take it to the next support point of 0.9698. Coz forex UK
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