Just caught up with the latest USD/CAD news and things are getting interesting. The pair's been hovering around 1.3580-1.3590 all week, pretty much stuck in indecision after dropping 0.6% from the 1.3700 zone mid-week. Oil's still elevated thanks to the Iran situation, which keeps supporting the Canadian Dollar. Here's what caught my eye though: Canada's manufacturing PMI just jumped to 53.3 from 50.0, signaling the sector's back in expansion mode. Meanwhile, the US ISM came in at 52.7, slightly below expectations. The geopolitical tensions and ceasefire stalled talks remain the main headwind, but the stronger Canadian economic signal is definitely helping CAD hold its ground. Next Friday's going to be massive for USD/CAD moves with US NFP data on the calendar, and consensus is pointing to just 73K jobs versus 178K previously. If that prints weak, could see more downside pressure on the dollar. Watching to see if the pair breaks below 1.3580 support or rallies back to that 1.3680 resistance zone. The technical setup looks pretty neutral right now, but any shift in oil prices or employment data could shift things fast.

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