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Canada GDP Beats Expectations
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The USDCAD comes in at +5.0% for the 4th quarter higher than the 4.2% expectations. This has sent the USDCAD lower. The price has broken through the 100 and 200 hour MA and tests the 61.8 % of the Feb 22nd low tot he Feb 25th low. at the 1.0486 level. Upside resistance comes in at the 200 hour MA at the 1.0494 level and then at the 1.0523 level.
