CAD Mid-day Analysis

With another new high for the move and the highest price since early January, the bullcamp in the Canadian retains a distinct technical edge. Some might see little in the way of resistance in the September Canadian until the December 2013 consolidation highs just under the 94.00 level. Support in the Canadian moves up to an old consolidation high zone of 93.12 but closer-in support is hard to come by, as the sharp range up yesterday offers little for the bull camp just under this morning’s trade.