By ForexMansion.com
The USD/CAD pair continues to consolidate between 0.97 and parity. Because of this, it has been in a holding pattern of sorts recently. However, the pair is certainly in a downtrend, and this is expected to continue if we can break below the 0.97 handle. Any break below that level sends us to 0.95 and 0.90 after that. Bulls will find this pair very difficult to trade as the fundamental story in oil is support of the Loonie at the moment.
