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- USD/CAD trades with a mild negative bias and is pressured by a modest USD downtick.
- The uncertainty over the Fed’s rate-hike path should help limit any meaningful USD fall.
- Bearish Oil prices might continue to undermine the Loonie and lend support to the pair.
The USD/CAD pair ticks lower during the Asian session on Thursday and for now, seems to have snapped a three-day winning streak to a weekly high, around the 1.3815 region touched the previous day. Spot prices currently trade below the 1.3800 mark, though the fundamental backdrop warrants some caution for bearish traders and before positioning for any meaningful depreciating move.
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