Unemployment rate est 6.9%. Change in employment -5K
The Canada employment statistics will be released at 8:30 AM ET along with the US data. The combination will make it tough to trade unless they go in opposite directions. Having said, that the cue typically is taken over the relative strength or weakness of the US data (but not always...it is tough).
In any case, the below chart outlines the technical levels above and below that traders should use to define or limit the risk after the report.
Key downside level: The 100 and 200 hour MAs are converged in the 1.2075 area. A move below should keep a lid at that level.
Key upside level: The trend line connecting recent highs at 1.1254
