Loonie looking lost as the economy loses steam
USDCAD is trying to break into 1.2400 and it's looking good so far as we trade up to 1.2427
USDCAD daily chart
Should we maintain the move up then we're likely to test the underside of the broken channel support currently around 1.2460/65
Below there's a decent looking confluence of the H4 ma's around 1.2315/30
USDCAD H4 chart
The weaker GDP numbers will at least keep rate expectations in check and the BOC in neutral stance
