CAD Mid-day Analysis

The Canadian has a decision to make this week as it appears to have shut off theaggressive slide that started earlier this month. However, in order to restart the impressive range up pattern seenfrom March to early July, probably requires a more positive pattern in global equities and it probably requiresdefinitively upbeat economic views toward China. Unfortunately the Canadian also has to face a bit of US Dollarstrength to start the new trading week and that in turn gives the bear camp initial control. Be bearish toward theCanadian until it manages as rise back above 93.23.