The CAD experiences a mixed trend these days due to quite average employment numbers released on Friday in Canada. Despite the fact that the unemployment rate in the country decreased to 8.0%, the employment change show the loss of 6,600 jobs in September, which exceeds by far the preliminary forecasts. Despite these figures, CAD manages to gain strength against USD standing at the five-month record of CAD 1.0070. It looks like CAD is preparing to cross the 1.00 line towards the next USD support of 0.9950. No major Canadian indicators are due for release this week, whereas in the US the CPI and the RSI are to be published this Friday. The positive US indices might cause the trend reversal and give USD a push up (CAD's resistance lies at 1.0680)' but disappointing US indices might lead the pair to the area below the 1.00 line. +

EUR/CAD – 1.4080

Despite the gains against USD, CAD loses to the EUR, which stands at the six-month record mark against this currency. Now the pair stands at 1.4080 following EUR rally against the rest of the leading currencies. If this trend continues, the EUR might jump to the 1.4200 area and may be even beyond. Trend reversal, on the other hand, might bring this pair down to EUR's support at 1.3060, which was reached by EUR/CAD in early September.