USD/CAD remains in ranges above 1.1000

FXStreet (Córdoba) - The USD/CAD finished Thursday with a small gain hovering near daily highs at 1.1035. During the American session the pair spiked lower approaching 1.1000 but rebounded sharply rising to test the 1.1040 area.

The key resistance in the short term lies around 1.1040 that capped the upside in the last two days. Price remains sideways above 1.1000 that has become an important support.

Despite retreating against the US dollar, the Loonie was the best performer among commodity currencies. Price could remain in ranges in the coming hours ahead of the US and the Canadian employment report that will be released at the same time, at 12:30 GMT.