USD/CAD UPDATE 12:13:15

USD/CAD rose to threaten 1.1890 (Friday’s 6yr peak) during the European am, as the CAD continues to suffer on soft oil prices (WTI @ $47.15). Goldman Sachs has cut its 6mth WTI forecast to $39 (Reuters), while Saudi Prince Alwaleed bin Talal predicts oil will ‘never’ get back to $100 (USA Today). 1.20 is among USD/CAD bull targets beyond 1.19 (option barrier level).