- Before 57.5
- Ivey PMI stands at 63.0 seasonally adjusted
- Ivey PMI Index Not seasonally adjusted 65.7 compared to 63.0 last month.
Looking at USDCAD, price is testing the 100 and 200 hour moving averages which are both converging towards 1.36896. An essential barometer for both buyers and sellers. Yesterday, the low price stopped from its rising 200-bar moving average, triggering the bullish momentum.
This article was written by Greg Michalowski at www.forexlive.com.
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