USDCAD has had an impulse move to the upside on the back of the NFP data. It does seem like the momentum has started to slow down as the price has approached the 1.2750 zone. The RSI levels on the 30m and 1HR time frame show oversold levels as well which adds to our in-house short-term view. The target of this trade is located near the 1.27 level with the stop just above the recent high of 1.285 to mitigate losses.