Currency Pair of the Week- USD/CAD

The volatility in Crude Oil sets the stage for USD/CAD as they are in direct correlation. Although the Crude Oil seems to be stronger than USD/CAD at the moment, Canada released their employment information last Friday which can take an effect. It added 157,100 jobs to the economy during September dropping unemployment rates to 6.9% from 7.1%. Take a look at the following link to learn more about how USD/CAD broke trendlines on Friday and its direction going forward.