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FXstreet.com (Barcelona) - The USD/CAD has benefited from a bout of risk-averse behavior across the markets Friday, as the USD has mounted sizable gains against most commodity-based currencies - with the CAD being no exception. During European trading, the cross has breached the 0.9900 level, operating in a 38-pip consolidation (0.9873 intraday minimum, 0.9911 intraday maximum).

Later today, investors will be keyed in to the release of economic data in both the United States and Canada. Beginning at 13:30 GMT, everything from employment data to the always pivotal Nonfarm payrolls will be released. Presently however, regarding the movements of the CAD, the price of crude is trading at USD $92.85, or -0.08%.

At the time of writing, the pair has settled in the region of 0.9905/07, notching an advance of +0-28% so far today. Mataf.net analysts point to resistances at 0.9902 onto 0.9917, and finally 0.9947. On the downside, a break below 0.9857 will trigger supports at 0.9827 down to 0.9812.

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