If the smoke from the Ukraine actually clears, the Canadian Dollar might be able to holdabove the late February lows. With a slight improvement in Canadian manufacturing growth, recent gains inmetals and energy prices and the “potential” to see a slight improvement in US economic views ahead, we thinkthe Canadian has found a long term bottoming zone. However, those that get long the June Canadian around the90.00 level, might have to risk those positions to at least 89.30.
