Canadian monthly GDP came in much better than expected yesterday, at 0.5%. Annualized quarterly GDP came in slightly weaker than expected but still at exceptional 3.7%. That this is nothing but a historical record showed Canadian dollar, which sold off shortly after the release.
USD/CAD is currently trading right in the middle of the rising 2016 - 2017 channel and just above 1.35 big figure level. 50 DMA is the immediate resistance before a stronger one closer to 1.36. May low (1.3380) is the fi…
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