GDP up +0.6% vs +0.3%
The Canada GDP was much better than expectations and as a result, the USDCAD has tumbled lower. The move has pushed back down to key sport defined by the 100 day moving average at 1.32919 and the 200 bar moving average of four hour chart at 1.32975. The pair is now banging on that level.
Forex technical analysis: USDCAD tumbles after better than expected GDP numbers
