Apparently record high Canadian auto sales in May were of little interest to the Canadiantrade, as the June Canadian initially forged a fresh lower low for the move overnight. However, the Canadian isprobably off balance because of anticipation of ongoing US dollar strength. It is also possible that concern forChinese growth is providing a slight undermine to the Canadian Dollar this morning. We would suggest thattraders become a buyer of a return to the first retracement off the March through May rally down at 90.89.
