USD/CAD is locked in a tight range above 1.4050, with traders waiting for the delayed US Jobs Report — easily the biggest catalyst of the week. Weak jobs data would boost Fed rate-cut expectations and pressure the USD lower, pulling the pair down. Strong numbers, however, would revive USD strength and push the pair higher. Meanwhile, CAD remains under pressure from falling oil prices, limiting its ability to strengthen. Bottom line: This pair won’t move until the jobs number hits. That data will decide the breakout.