The currency pair surged on Wednesday and broke out 1.2631. USD/CAD stays above this level at press time.

Closest support areas: 1.2631, 1.2594, 1.2552

Closest resistance areas: 1.2669, 1.2697, 1.2726

Macroeconomic data

CAD

Labor Productivity q/q

USD

Revised Nonfarm Productivity q/q

Revised Unit Labor Costs q/q

Unemployment Claims

Factory Orders m/m

Fed Chair Powell Speaks