USD/CAD is Trading Mostly Flat as Both Pairs Lack Strenght

USD/CAD Hourly (H1) Chart
USD/CAD Hourly (H1) Chart

USD/CAD: The pair is trading mostly flat as both pairs continue to lack the decisive factor for a breakout. While Fed update and linger caution in the market over fears of renewed COVID-19 outbreak underpins USD bulls, the Greenback still remains weak in the international market. Canadian Loonie, on the other hand, received some support from Crude oil price recovery earlier today. But the overall dovish environment surrounding Crude oil market keeps Loonie in pressure resulting in pair oscillating between 1.35-1.365 handle awaiting a directional trigger for breakout rally. Traders now await US macro data for short term profit opportunities. 

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