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USD/CAD Awaits Breakout

The US dollar finds support from a stronger-than-expected jobs report in September. The pair has been consolidating its gains after a vertical ascent lately. An overbought RSI on the daily chart calls for a limited pullback as the bulls might be reluctant to chase after high bids. The price has bounced off 1.3500 and made its way back to the key resistance at 1.3780, where a breakout would signal a bullish continuation. Then the psychological level of 1.4000 could be within reach. On the downside, 1.3650 is the closest support.

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