CAD Mid-day Analysis

In retrospect the Canadian has generally forged a pattern of higher lows since the early November lows and that could discourage some near term sellers. Pushed into the market we have to favor thedownward tilt in the Canadian, because of the $ edge, talk of a US pipeline vote and also because of theCanadian charts. In order to throw off the bear tilt in the Canadian probably requires a rally back above 88.28.