USD/CAD clings to intraday gains above 1.3200 mark, upside potential seems limited

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• USD/CAD attracts fresh buying on Tuesday and draws support from a modest USD strength.
• The recent bullish run in Oil prices could underpin the Loonie and cap the upside for the pair.
• Traders look to the US ISM Manufacturing PMI and JOLTS Job Openings for some impetus.

The USD/CAD pair regains some positive traction during the Asian session on Tuesday and reverses a major part of the previous day’s decline to the 1.3150 horizontal support. Spot prices currently trade around the 1.3220 region, up 0.25% for the day, and remain well within the striking distance of a three-week high touched on Monday.