CAD Mid-day Analysis

While a portion of the sharp Canadian Dollar rise this month was the result of massiveweakness in the Dollar, a Canadian trade surplus, a relatively high Purchasing Managers Index result and recently upwardly revised BOC growth projections, also added to the upward bias on the charts. There might belittle in the way of resistance seen in the June Canadian until the 92.00 level and support moves up to 91.51.