Forex Trading: USDCAD trading at the highs for the day.

The USDCAD opened up higher last night, moved down to test the hourly trendline and moved bounced.  The pair is now trading at the high for the day (high for the last 5 days) as we wait for the Canada GDP at 8;30.  The expectations are for a rise of +0.5%.  This is up from -0.7% last month and would be the highest since month on month increase since May 2007. 

Resistance comes in at 1.0306, the high from March 24th.  Support through the number at the trendline area (see chart) at 1.018 area.  Much willl depend on the economic release.