USD/CAD Tests Support At 1.4330 – 1.4350

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USD/CAD attempts to settle below the support at 1.4330 – 1.4350.

USD/CAD pulled back despite the disappointing Manufacturing PMI report from Canada. The report indicated that Manufacturing PMI declined from 47.8 in February to 46.3 in March, compared to analyst forecast of 47. Numbers below 50 show contraction.

In case USD/CAD stays below the 1.4330 level, it will head towards the next support at 1.4180 – 1.4200.

USD/CAD 020425 4h Chart

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