Quarterly survey of Canadian Businesses
The quarterly survey (Q1) of Canada businesses shows:
Prior to the survey release, the USDCAD moved above its 100 bar MA on the 4-hour chart at 1.33685 to a high of 1.3400 (the high actually peaked at 1.33993 on my chart). The price since has rotated back down and looking to retest the 100 bar MA level at 1.33685. A move below will be more bearish.
BOC Business outlook survey: Modest recovery/Signs of strengthening demand
