Forex technical analysis: USDCAD runs back higher after GDP disappoints

Back above the 200 bar MA on the 4-hour chart

The USDCAD is running back higher after the GDP disappoints. The loonie raced higher yesterday after retail sales were better than expectations. Part of that decline is being taken away today.

Technically, the pair has quickly shot back above the 200 bar MA on the 4-hour chart, but the price is already back below the MA line and settling down a bit.

Honestly folks, the price action today will likely be somewhat random.

Besides bitcoin is tanking.