The June Canadian looks poised to claw out fresh new highs for the move, especially ifthe US claims result later this morning is anything but positive toward US growth prospects. A slight hook up inopen interest and a slight rise in volume on the recent rally also gives the bull camp a technical edge. However,the Canadian is at a difficult junction, as some of the recent gains came off overt weakness in the US Dollar but tosee the Canadian rise in a sustained trend probably requires a global risk on vibe that in turn might need to befacilitated by evidence of faster growth in the US economy. Those that are long the Canadian should stay long butshould tighten profit stops to at least 91.45.
