The Canadian is being lifted by a rising global tide. In retrospect, the early February lowwas the result of a combination of fears of emerging market turmoil, sagging Chinese growth, a very slowrecovery in the US because of tapering fears and perhaps even a measure of concern toward falling oil prices. It would appear that all of those factors have been reversed or temporarily shifted and that long term players arenow seeing the Canadian as undervalued. A close above 91.00 could provide longer term technical short coveringaction and perhaps some outright buying.
