USD/CAD are Locked in Deadlock Scenario at the Mid-1.35 Handle

USDCAD Hourly (H1) Chart
USDCAD Hourly (H1) Chart

USD/CAD: The pair are locked in deadlock scenario at the mid-1.35 handle as neither currency lacks the strength to build a rally for the fifth consecutive session. Despite USD receiving strength from caution global market, rebalanced crude oil market underpins CAD bulls enough to offset USD’s momentum keeping pair trapped in a range of 1.3518-1.3568 for a brief period. Traders now await US data and BOC business outlook survey data for short term profit opportunities. 

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