The Canadian retains a short term bearish tilt from the charts and the currency must consistently hold above key support at 92.00 to rekindle confidence in the bull camp. Therefore the bulls probablysee a test in the wake of 7:30 US data from Personal Income and Spending. However, the bigger threat to the bullcase in the Canadian might come from ISM Chicago readings in the second US data window. Like the Pound, theCanadian might need to see a more definitive risk-on vibe to temper the bullish bid toward the Greenback.
