The greenback is confirming its solid performance vs. the CAD, lifting USD/CAD beyond the 1.2000 ahead of US data. USD/CAD in high since 2009 The pair is navigating levels last traded in April 2009 around 1.2040, bolstered by the (already) usual USD strength and the bearish undertone surrounding the Canadian dollar. The barrel of WTI has returned below the $50.00/bbl threshold, dragging the CAD and prompting spot to recover yesterday’s pullback to the vicinity of 1.1800. Next of relevance in the US data space will be the inflation figures gauged by the CPI, Industrial Production, Capacity Utilization and the Reuters/Michigan sentiment index. At the moment the pair is up 0.60% at 1.2037 facing the next resistance at 1.2070 (low Apr.24 2009) and then 1.2100 (psychological level). On the downside, a breach of 1.1873 (Tenkan Sen) would open the door to 1.1836 (low Jan.9) and finally 1.1803 (low Jan.15).