The USDCAD moved sharply lower following stronger-than-expected Canadian jobs data. Employment rose 60.4K vs. 5K expected, with the unemployment rate steady at 7.1%. The breakdown showed full-time jobs surging by 106.1K, offset by a decline of -45.6K in part-time work.Technically, the pair fell from 1.4014 to 1.3975, putting focus on the rising 100-hour moving average at 1.39668 and the swing highs near 1.3970, which now act as key support. A sustained break below that zone would open the door toward the 200-hour MA at 1.39544 and the 200-day MA at 1.3952.Traders against is area with stops on a dip below as well. It is a key technical barometer for both buyers and sellers. The BOC expectations for a cut fell to 57% at the next meeting vs 70% before the meeting This article was written by Greg Michalowski at investinglive.com.