USD/CAD: The pair is trading flat as neither side lacks strength required to make a breakout rally. The mixed price action of crude oil and focus on US EIA weekly stockpile data update release later in the day pressures CAD given renewed glut scenario concerns. Firm USD failed to build a rally on caution ahead of Fed policy decision update pressuring USD bulls. The pair remains range-bound within range of 1.3360-1.3430 while awaiting macro data updates and US Fed policy rate decisions for directional cues.
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