Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap 2021-04-09 07:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, Canadian Employment Data, Coronavirus Vaccinations - Talking Points: Equity markets traded broadly mixed during APAC trade despite a strong Wall Street session overnight. Upcoming Canadian jobs data will likely dictate the near-term trajectory of the USD/CAD exchange rate. The formation of a bullish Falling Wedge formation could inspire buyers to drive USD/CAD higher. Asia-Pacific Recap Equity markets traded mixed during Asia-Pacific trade after a relatively robust Wall Street session overnight that saw the benchmark S&P 500 climb to fresh record highs, on the back of commentary from Federal Reserve Chair Jerome Powell reiterating the central bank’s accommodative monetary policy stance. Australia’s ASX 200 dipped lower alongside Hong Kong’s Hang Seng Index, while China’s CSI 300 plunged 1.3%.