Canadian Dollar went in both directions on Thursday’s mixed US data. Canada is absent from economic calendar until Friday’s GDP update. US PCE Price Index inflation also looms ahead on Friday. The Canadian Dollar gave a mixed performance on Thursday after a data-light economic calendar on the Canadian side left the CAD to twist amid a mixed print in key US figures.
The pair remains stuck in a price action trap near the 1.3700 handle as intraday bids get hung up on the 200-hour Exponential Moving Average at 1.3692. Daily candlesticks are forming a bullish bounce after running aground of the 50-day EMA at 1.3676 and is set to snap a near-term losing streak after the pair flubbed a bullish recovery of the 1.3800 handle earlier in June.
SEO GDP Inflation
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