The USD/CAD pair looks for intermediate support near 1.3700 after a sharp sell-off. The Loonie asset remains on the backfoot as investors dumped the US Dollar on expectations that the Federal Reserve (Fed) is concluding its rate-tightening campaign.The US Dollar Index (DXY) struggles to sustain above the crucial support of 106.00 ahead of the United States Nonfarm Payrolls (NFP) data for October. As per the consensus, US employers hired 180K job seekers against 336K payrolls in September, which was surprisingly upbeat. The Unemployment Rate is seen steady at 3.8%.Investors would also watch the Canadian employment data for October. Economists expect that the Canadian labor force grew by 22.5K payrolls against 63.8K job additions in September. The jobless rate is seen rising to 5.6% against 5.5% reading.USD/CAD extended losses after slipping below the horizontal support plotted from October 5 high at 1.3786 on a two-hour timeframe. The Loonie asset has also stabilized below the upward-sloping trendline placed from September 29 low at 1.3417. The major struggles to rebound above the 200-period Exponential Moving Average (EMA), which trades around 1.3755.A range shift move by the Relative Strength Index (RSI) (14) into the 20.00-40.00 range indicates a bearish reversal.A decisive break above October 27 high at 1.3880 would expose the round-level resistance at 1.3900, followed by 13 October 2022 high at 1.3978.In an alternate scenario, a breakdown below October 24 low around 1.3660 would drag the asset to the round-level support of 1.3600. A further breakdown could expose the asset to October 7 low at 1.3570. USD/CAD two-hour chart  USD/CAD

OVERVIEW Today last price 1.3745 Today Daily Change 0.0005 Today Daily Change % 0.04 Today daily open 1.374

 

TRENDS Daily SMA20 1.3721 Daily SMA50 1.3629 Daily SMA100 1.3465 Daily SMA200 1.3489

 

LEVELS Previous Daily High 1.386 Previous Daily Low 1.3736 Previous Weekly High 1.3881 Previous Weekly Low 1.3661 Previous Monthly High 1.3892 Previous Monthly Low 1.3562 Daily Fibonacci 38.2% 1.3783 Daily Fibonacci 61.8% 1.3812 Daily Pivot Point S1 1.3697 Daily Pivot Point S2 1.3654 Daily Pivot Point S3 1.3573 Daily Pivot Point R1 1.3821 Daily Pivot Point R2 1.3902 Daily Pivot Point R3 1.3945

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