CAD Mid-day Analysis

Chart damage leaves the bear camp with the edge in the early Thursday US trade action.Apparently dovish talk from the BOC in the form of an extension of a borrowing cost freeze and some hints ofconcern toward deflationary prospects disappointed the Canadian trade over the last 24 hours. With the pattern oflower highs entrenched, a further slide to consolidation support down at 90.37 is possible ahead.