A temporary reprieve in the Canadian as the Dollar’s dominance over many currencieshas waned. It is also possible that the Canadian was overdone technically and fundamentally with the slide lastweek and a measure of recovery is to be expected this week. Initial support is seen at 90.11 and resistance mightbe significant up at 90.37. If the Canadian is going to rally it should rally into and through the US economic reportwindow. The down trend hasn’t run its course yet, the Canadian is simply over extended.
