With oil prices sliding down to extreme levels, and the loonie slipping due to mediocre and even bad news in the fundamentals ... it wasn’t a surprise to see the pair testing highs up towards 1.3700 . Holiday trading as well drove prices over the top in thin liquidity.... oil prices have started to show a rebound and with the resistance 1.3659 a major ceiling , could drive the pair down towards 1.3550/1.3500 zone