Buy USDCAD Triangle Breakout

1. US Treasury yields climb, boost dollar: Rising US Treasury yields are providing some support for the dollar, putting mild upward pressure on the USD/CAD pair.

2. US employment data beats expectations: Positive US employment data released yesterday initially strengthened the US dollar, putting upward pressure on USD/CAD. However, concerns about rising US Treasury yields are now weighing on the dollar.

3. US/Canada employment data eyed: Both US and Canadian employment reports are due later today. Strong data from either side could significantly impact the pair's direction.

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