While we think consolidation support just under 91.00 is capable of underpinning the Canadian, residual strength in the US Dollar, bearish sentiment toward physical commodities and thick overhead resistance on the charts might make upside action difficult. The Canadian bulls really need to see recent stimulus efforts from the PBOC spark a wave of optimism, which in turn would brighten the Canadian export outlook. Buying support in the December Canadian is seen at 90.79.
