USD/CAD is Trading Flat as CAD Remains Well Supported but Lacks Strength for a Breakout

USDCAD Hourly (H1) Chart

USD/CAD: The pair is trading flat as CAD remains well supported but lacks strength for a breakout. Developments in Crude oil price following API stockpile data in the US helped CAD limit USD’s actions below the 1.36 handle for now. But firm USD prevented decline below mid-1.35 resulting in price sharply fluctuating within the above-mentioned level. Traders now await US data for short term profit opportunities. 

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