The post Wobbles near 1.3660 ahead of US NFP data appeared on BitcoinEthereumNews.com.

The USD/CAD pair trades in a tight range around 1.3660 during the European trading session on Friday. The Loonie pair consolidates as the US Dollar wobbles ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, wobbles around 99.00 Investors will pay close attention to the US NFP data to get fresh cues on the Federal Reserve’s (Fed) monetary policy outlook. The US NFP report is expected to show that the economy created 59K fresh jobs, significantly lower than 130K in January. The Unemployment Rate is seen steady at 4.3%. Meanwhile, the broader outlook of the US Dollar remains firm amid the war in the Middle East involving the US, Israel, and Iran. Middle East conflicts have prompted the demand for safe-haven assets. Amid the Iran conflict, the Canadian Dollar (CAD) has been performing strongly due to rising oil prices. Given that Canada is the largest exporter of oil to the US, higher oil prices are a favorable situation for the Canadian Dollar. Technical Analysis USD/CAD trades flat at around 1.3660 at the press time. The near-term bias is neutral as spot remains close to the 20-day Exponential Moving Average (EMA) at around 1.3665. The 14-day Relative Strength Index (RSI) wobbles inside the 40.00-60.00 range, indicating a sharp volatility contraction. Initial support emerges at the February 18 low of 1.3632, guarding the recent 1.3558–1.3559 area that underpins the February base and defines the lower edge of the current range. A break below this band would expose the spot to the February 11 low of 1.3500 and signal that sellers are regaining control. On the topside, immediate resistance is at the March 3 high of…

---

Filed under: News - @ March 6, 2026 7:23 am