• USD/CAD strengthened above 1.3500 level on Friday as investors assessed Canada's GDP data .
• Canada's GDP grew by a stronger-than-expected 0.2% in July, but an early estimate suggests growth may have stalled in August.
• Analysts polled by had forecast GDP would rise 0.1% in July, after zero growth in June. The data, released on Friday, raises hopes for a significant interest rate cut next month.
•At GMT 16:01 The dollar was trading up 0.30% to 1.3502 to the Canadian dollar after the data.
• Immediate resistance is located at 1.3528(SMA 9 ), any close above will push the pair towards 1.3549 (50%fib).
• Support is seen at 1.3492(38.2%fib) and break below could take the pair towards 1.3429(23.6%fib).
Recommendation: Good to buy around 1.3490, with stop loss of 1.3450 and target price of 1.3560
