It's not been a good week for commodities and oil is lower again.

USDCAD is enjoying both the more bullish US$ sentiment and the softer oil prices. Brent crude currently $40.27 and WTI $39.29 both just off session lows and USDCAD edging up to 1.3243.

Currently 1.3235 expect some offers between 1.3250-60 with more at 1.3280 after yesterday's sharp rise from 1.3060.