FXstreet.com (London) - Greenback has traded up against the Canadian Dollar this session, drifting to the upside on slim trade. The pair currently quotes at 1.0436, up 17 pips from the open, after trading in a tight range in opening hours.

WTI is trading solid, steady as investor show confidence in OPECs ability and will to control the oil prices. Oil currently trades at 78.58, firm on the session, virtually unchanged room the open, and trading sideways so far this session.

For USD/CAD primary resistance should be taken as 1.0495 and support on the downside is at 1.0417 (Dec 4 Low). The pair is likely to consolidate with no significant news releases, and major markets still in holiday mode ahead of the New Year.