CAD Mid-day Analysis

The Canadian is showing some initial positive technical action to start today and part ofthat action might be the result of overt weakness in the Euro, Swiss and Pound which in turn helps the Canadianwin by default. In order for the Canadian to reverse the liquidation bias of the last month and forge an upsidebreakout above resistance of 93.26 probably requires definitively positive Canadian economic data and or a notedweakening of the US Dollar.