CAD Mid-day Analysis

The September Canadian has fallen to a moderately significant consolidation support zone on the charts overnight of 91.00! With the recent upward revision in Canadian jobs results last weekproviding some cushion, it is possible that the Canadian will be able to respect the early August low of 90.94.However, with slack Chinese economic data overnight and lingering hawkish dialogue from the Fed, the bearcamp might retain a near term edge in the Canadian Dollar.