The Canadian franc pair rose slightly during Asian trading on Monday with the start of trading the week for the third day in a row, especially after Canadian jobs and unemployment data released last Friday had better results than expectations. The Canadian economy added more than 41 thousand jobs, while the outlook for a decline from 34.7 to 21.6 thousand jobs and unemployment data fell to 5%, while the perspective was rising to 5.1%.
Technically: The Canadian franc pair as we pointed out earlier rose bouncing from support levels of 0.6480 which we have the pair being the extended shark model which corresponds to the lower limit of the downward price channel on the monthly frame.
The pair are candidates for further upside over the coming period and any downward correction could be exploited again to build purchasing centres to target levels of 0.7100 and then levels of 0.7600 in the medium and long term.
While maintaining a halt to losses that broke 0.6460 levels with at least a day's candle.
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