• USD/CAD slips below 1.35 amid a softer dollar and positive risk appetite

• Oil holds OPEC gap, but CAD bulls need a break above April 3rd high ($86.44)

• U.S. CPI to have bigger sway on USD/CAD than BoC decision on April 12th

• Large CAD bearish bets continues to present a downside risk to USD/CAD

• Resistance at 1.3530 (100DMA), 1.3542 (55DMA) to cap USD/CAD upside

• Support sits at 1.34 (psychogical) and 1.3395 (200DMA)

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