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Monday, April 3, 2017

BOC Business outlook survey: Modest recovery/Signs of strengthening demand

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Quarterly survey of Canadian Businesses The quarterly survey (Q1) of Canada businesses shows: Prior to the survey release, the USDCAD moved above its 100 bar MA on the 4-hour chart at 1.33685 to a high of 1.3400 (the high actually peaked at 1.33993 on my chart). The price since has rotated back down and looking to retest the 100 bar MA level at 1.33685.  A move below will be more bearish. 

April 03, 2017 at 08:53PM

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from Greg Michalowski

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