Like the Pound, the Canadian is garnering some lift from the hope of a return to more positive global economic conditions. In addition to positive US scheduled data flows at the end of last week, themarket has also seen fresh stimulus from the PBOC and it would appear that Ebola is coming under somemeasure of control. However, the Canadian is mired within an entrenched downtrend on the charts and it couldtake a rise above 89.30 today and 89.18 on Tuesday to signal a technical reversal.
