The USD/CAD price has broken above a key trendline following the release of strong Canadian GDP data. This indicates a potential shift in the currency pair’s direction. The Canadian economy showed resilience with the latest GDP data, leading to a positive impact on the CAD. Traders are closely monitoring this development to assess potential trading opportunities. The break above the trendline suggests a bullish outlook for the USD/CAD pair in the near term. Investors should keep a close eye on market trends and economic indicators to make informed trading decisions.
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