USD/CAD holds at 1.2758, just below session high 1.2765 ahead of Fed

Pair shrugs off oil rebound, succumbs to profit-taking after Tues 2020 low

10-DMA res at 1.2782 caps, above eyes 21-DMA by 1.2906

Bears in control below 1.3040 the 50% Fib of 1.3390-1.2689 (Nov/Dec range)

Falling cloud, DMA's hint at further USD weakness, amid COVID recovery