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USD/CAD is below the 1.3300 mark

The USD/CAD pair continued with its struggle to move back above the 1.3300 round-figure mark and remained confined in a two-day-old trading range.


Lows

Meanwhile, the coronavirus outbreak fueled fears about a downturn in consumption might cap any runaway rally for oil prices and might assist the pair to regain some traction beyond the 1.3300 mark.

There isn't any major market-moving economic data due for releases on Wednesday, either from the US or Canada. Hence, the USD/oil price dynamics will be looked upon for some short-term opportunities.

Lang

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