USD/CAD steps lower into 1.3580 as Greenback recedes from recent bullish momentum

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• The USD/CAD is seeing a sell-off on possible profit-taking volumes.
• Resistance is being provided by a rising trendline on daily candles.
• Rising oil prices on supply constraint worries providing a floor on extended Loonie losses.

The USD/CAD pair has taken a step lower for Monday, slipping from 1.3640 into the 1.3580 level, with the Greenback (USD) on the back foot as the USD gives up some of its recent gains across the broader market.