Canadian Ivey PMI (Apr) Jumps to 58.2 , USDCAD Continues Falling !

forex pmi min
forex pmi min

The Ivey Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in Canada.

The Canadian  Ivey PMI (Apr) rose from 47.9 to 58.2 in the previous month , analysts had expected Canadian  Ivey PMI to rise towards 49.2 last month.

This development boosts the Canadian dollar , The USDCAD declines to 1.1943 levels , a cut would open 1.1800 next , further down will target the 1.1635 levels.

On the upside , resistance comes at the 1.2087 levels ahead of the 1.2204 levels , stability below both levels will  keep the USDCAD under pressure ………….

 

Canadian Ivey PMI (Apr) Jumps to 58_2 , USDCAD Continues Falling !

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