CAD Mid-day Analysis

We think the Canadian is vulnerable to any noted deterioration of macro-economicsentiment as the Canadian has rallied 213 ticks over the last two weeks off ideas that global growth was comingback. While the Chinese tightening move was the result of strong lending evidence, seeing the Chinese removeliquidity, at least temporarily undermines global sentiment. A normal corrective setback in the March Canadian isseen at 90.44 but closer-in uptrend channel support in the March Canadian is seen at 90.73.