The Canadian remains off balance primarily because of residual fears of slowing in China and also because of definitively bearish views toward physical commodities and commodity currencies. In addition, the Canadian also seems to be under pressure because of fears that Ebola infections might add toglobal economic headwinds. While initial support is seen at 90.00 and then again down at an old double bottom at89.90, seeing Canadian retail sales falling back in the latest monthly readings (albeit from record levels lastmonth) that would seem to leave the path of least resistance in the Canadian pointing downward.
