Jobs Data, NFP Reactions: Retreat in EUR/USD; Even Weaker CHF and JPY; Strength for CAD

Topping attempt: Let’s first look at the USD/CAD. Both had better employment data, but it appears CAD had an edge in the initial reaction. USD/CAD fell sharply below a recent consolidation/congestion trendline as is showing a possible double top with the 1.0215 pivot in focus.

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