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- USD/CAD refreshes day low as higher oil prices strengthen the Canadian Dollar.
- Canadian Retail Sales report indicates that automobile demand remained weak.
- The US Dollar turned soft due to neutral guidance from Fed Powell.
The USD/CAD pair faces selling pressure after a less-confident pullback move to near the round-level resistance of 1.3700 in the early New York session. The Loonie asset is expected to deliver a fresh downside below 1.3680 as the Canadian Dollar has strengthened due to upbeat oil prices.
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