Positive chart action, limited competition from other currencies and strong trade readings,leave the bull camp in control of the Canadian. Seeing the Canadian current account deficit narrow off greaterexport figures, would seem to suggest that the world economy is trying to gain strength and therefore recent datawould seem to justify the Canadian Dollar’s strength over the last two months. Initial support moves up to 91.93and resistance isn’t seen until the May highs of 92.40.
