A temporary oversold technical condition has probably allowed the March Canadian ameasure of consolidation action just above the 91.00 level. It is also possible that improving economicexpectations south of the Canadian border has given some Canadian Dollar bears some pause. Strong gains inenergy prices yesterday might have provided some support to the Canadian, but it could be difficult to see astraight away recovery beyond minimal technical balancing. Initial corrective bounce potential is seen up at 91.56.
