While the Canadian continues to benefit from rising oil prices, the currency is being heldback by slack June Canadian factory data at the end of last week. Critical support is seen at even numbers of92.00 but some initial probes below that level might give the bear camp a slight and temporary technical edge tostart the trading week. Longer term up trend channel support in the September Canadian isn’t seen until the91.56, level but that support level rises to 91.66 by Wednesday.
