Tag Archives: CAD

A series of lower highs leaves the Canadian without upside momentum. Like the Pound,the Canadian is at least partially suffering from the residual strength in the Dollar.

The Canadian appears to be poised for an upside breakout on its charts. Part of the gainsin the Canadian are the result of improving North American economic sentiment and

Positive Canadian manufacturing data in March reinforces the idea that the Canadian was”too cheap” into the March lows! However, to justify an upside breakout,

Somewhat positive Canadian GDP results for January provided some fundamentalsupport to the Canadian but weakness on the charts suggests that the Canadian is now vulnerable to

The Canadian might be a bit overbought technically and it might also be a touchfundamentally overbought. However, a setback in the US Dollar probably helps to underpin the Canadian above 90.00,

As in the Dollar and Pound, a slight brightening of economic skies has allowed for further gains on the charts. Clearly seeing the Chinese promise of stimulus to support their economy,

Like the Pound, the Canadian is a recovery currency that needs to see growth andoptimism. While favorable UK data is contributing to a positive global view to start today,

Another higher high on the charts overnight highlights a gradual improvement in globalmacro economic sentiment. A near term recovery back above 90.00 is likely ahead,