Like the Pound, the Canadian is vulnerable to corrective action off technical andfundamental shifts. In retrospect, the trade was discouraged by the US monthly payrolls and by the rekindled oftensions in the Ukraine and that has given the bear camp an additional story line. The bears in the Canadian canalso trumpet disappointing Chinese manufacturing data overnight, while others might be looking ahead upcomingCanadian employment news. Expectations for Canadian payrolls call for a mundane to soft gain in jobs of only+6,000 to +14,000 and that could set the stage for a return to the recent consolidation lows down around 90.40.
