USD/CAD shies away from a new 2024 high for there time being

The USD/CAD came very close to setting a new 2024 high, when it peaked at 1.3945 yesterday. Readers might remember that the current 2024 high is in place at 1.3946, reached on August 5. If the US dollar does vault that 1.3946 level at some point today, there is another technical level, from the high set in 2022, at 1.3977. Yesterday the USD/CAD fell back below 1.3910 after peaking at 1.3945, before later closing at 1.3934. The range seen so far today has been covered by 1.3925 to 1.3942. Now at 1.30pm GMT today we get the Canadian October manufacturing PMI (last at 50.4). Leaving aside whatever the US data will deliver for the USD/CAD, this PMI data could have an impact and decide, if that current 2024 high remains in place, or not. The USD/CAD is currently trading at 1.3932