USD/CAD holds steady above 1.3500, bullish Oil prices continue to act as a headwind

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• USD/CAD struggles to gain any meaningful traction and oscillates in a range on Monday.
• Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD slide.
• The downside seems limited as traders seem reluctant ahead of the FOMC policy meeting.

The USD/CAD pair kicks off the new week on a subdued note and remains well within the striking distance of a two-week low set on Friday. Spot prices, however, manage to hold above the 1.3500 psychological mark through the Asian session, though struggle to attract any meaningful buying in the wake of a modest US Dollar (USD) weakness.