FXstreet.com (Barcelona) - The USD/CAD has risen around 85 pips, after the 4Q US GDP data in today's American session, from 1.2235, today's low, to 1.2321. Currently, the pair is trading above the 1.2300 level.
After it fell from 1.2328, today's high, in the European session to find support at 1.2235, the USD/CAD has begun to rise to recover almost all of its initial losses.
Next resistances could come at 1.2328 and 1.2350. Supports could be 1.2214, yesterday's low, and 1.2195, as March 19, 23 and 24 low.