The USD is lower ahead of the US jobs report. What are the technicals telling traders

The US dollar is trading lower ahead of the simultaneous US and Canada May employment reports at 8:30 AM ET, with technicals cited as key drivers for EURUSD, USDJPY and GBPUSD. Traders are positioned for NFP and Canadian payroll surprises that could shift Fed and Bank of Canada rate expectations and spur volatility across FX, bonds and equities. US yields are modestly lower, US futures are mixed (Dow higher, S&P and Nasdaq weaker), crude near $92.88, gold and silver slightly down, and bitcoin hit a new cycle low around $61,073. Consensus US NFP is +85k (down from +115k prior); Canada expected to add ~10k jobs. Markets will watch wage growth and any upside/downside surprises closely.