The charts look to favor the bear camp in the Pound given the pattern of lower highs this week. However, the June Canadian has peaked out above the prior session’s high in the early going and it ispossible that disappointing US payrolls could serve to lift the Canadian Dollar. Holding back the Canadian issomewhat slack Purchasing Index figures from Canada and expectations for only a modest rise in Canadianpayrolls. We think the Canadian can hold key support at 91.25 unless the US payroll gain is above +250,000.
