Forex Trading: USD/CAD feeling strong offer pressure, given the present volatile commodity environment...

USD/CAD feeling strong offer pressure, given the present volatile commodity environment. Oil over the past few days has been very bid in what looks like supply concerns. This has put an offered tone to USD/CAD which is particularly Oil sensitive, this is in line with London desk's previous assertions in past days. Par is not too far away at this point, so keep an eye out for the formation support shown. Should it get given through it, we could see some considerably lower levels.