CAD Mid-day Analysis

The path of least resistance is down and a return to the March lows can’t be ruled out inan environment of global slowing fears, persistent Ebola fears and ongoing confidence in the US Dollar. Thinsupport in the December Canadian is seen down at 88.60 and then again down at 88.57. In order to turn the nearterm bias around probably requires a rally and close back above 88.92.