USDCAD rallies as oil price slides

The oil-based loonie is having a tough time of it once more as oil prices head lower again

USDCAD now testing 1.3400, levels not seen since 30 Sept as WTI trades down at session lows of $40.61 down 2.96% and Brent posts its own lows of $43.76

Expect sell interest at 1.3400 but if oil continues to slide that level should go to then test into 1.3425 with 1.3450-70 offering more resistance behind that

Demand now immediately at 1.3380 then into 1.3350-60 and 1.3325

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