• USD/CAD flat ahead of BoC decision and ISM services PMI

• BoC expected to stand pat on policy, rhetoric risk leans hawkish

• Resistance at 1.3640-70 (Apr/May/Aug peaks) continue to hold firm for now

• Daily RSI bearish divergence also suggests upside may be exhausted

• Oil prices rally on the back of Saudi/Russia oil output cut extension

• Canadian dollar lagging the move in oil, however, king USD dominates

• ECB pause risk would favour CAD higher vs Euro and CHF nL1N3AG1AJ

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