The Canadian Dollar was able to shake off overnight pressure and climb back into positiveterritory and while lagging behind the Euro and Swiss, has performed fairly well versus the US Dollar this week inspite of sluggish crude oil prices. The Bank of Canada’s biannual Review released later this morning may bekeeping further gains in check given recent statements by BOC Governor Poloz but unless the market is wrongfootedby a bearish outlook, the Canadian should be able to maintain its upside momentum. Aggressive traderscould look to approach the long side of the market on a pullback toward the 87.83 level.
