More dismal economic figures from Canada, this time the biggest drop in new manufacturing orders on record (-12.9% in Dec) and prolonged net foreign selling of Canadian securities (fourth monthly net sales of stocks and bonds). Favored positions in USDCAD and AUDCAD are seen extending into the week. AUDCAD at 0.8150 is seen as the next upside target, followed by 0.8200. Weekly stochastics in AUDCAD also suggest bullish crossover heading towards 0.8180, followed by 0.8250. Aussie optimtism likely to re-emerge on the passing of the second stimulus package since the beginning of the crisis. Prolonged bids in gold is also providing AUD with the necessary momentum. USDCAD is likely to regain the 1.25 figure from current 1.2466, but failure to close above the figure remains a reflection of USD doubts.