Like a host of other currencies the Canadian has suffered significant technical damage on its charts in the wake of the tidal wave of bullish interest in the Dollar. Adding into the downward track in theCanadian is sagging physical commodity prices, fears of slack demand from China and periodic irrationaloptimism toward the US Dollar. For instance, economists and Press outlets continue to tout the prospect ofhawkish dialogue from the US Fed and the trade has also spun a patently disappointing Payroll result into apositive by suggesting that the data was flawed! Critical consolidation support is seen at 91.00 and moresignificant support is seen down at 90.88.
