Reports that August Canadian auto sales reached new all-time highs should help to underpin the Canadian above this week’s lows. Unfortunately for the Canadian bulls there will be an extremelyactive flow of US scheduled data and a general sweep of positive US data could increase the thickness ofresistance in the Canadian around the 92.00 level. We also see the chart setup in the Canadian as limiting as apattern of lower highs has generally remained in place over the last 4 trading sessions.
