USD/CAD is clinging to the top end of its 3-month trading range ahead of the April jobs report to be released at the bottom of the hour. The consensus estimate is for a 7K new jobs and the unemployment rate to tick to 7.3% from 7.2%.
My feeling is that the market is leaning toward a miss because of the outsized +82.3K gain in March. As always, the full-time/part-time breakdown will also be critical.
To the upside, there is talk of barriers at 1.0075 and 1.0100.