The Canadian has found severe pressure from the nosedive in crude oil prices this morning and has fallen to its lowest price level in 2 weeks. Canadian economic data later this morning, particularly a third quarter GDP reading already expected to show a sizable drop from the second quarter, needs to put together some positive results for the Canadian to find its footing. There is close-in support at 87.64, but a break below that level could send prices heading towards a retest of their early November lows.
