FXStreet (Edinburgh) - The US dollar is now losing some of its shine, dragging USD/CAD to test session lows in the 1.3360/50 band. USD/CAD bid on oil, US data eyed A deceleration of the USD rally plus a better tone from crude oil prices – the barrel of WTI is advancing beyond $42.00 – is collaborating with the current leg lower, with spot derailing to daily lows in the mid-1.3300s and reverting the initial spike to the boundaries of 1.3400 the figure. On the data front Canadian Current Account deficit has widened to $16.2 billion during the third quarter, while US Pending Home Sales and the Dallas Fed index will take centre stage later. USD/CAD levels to consider As of writing, the pair is losing 0.13% at 1.3365 and a break below 1.3217 (38.2% Fibo of 1.3459-1.2827) would aim for 1.3199 (55-day sma) and then 1.3166 (100-day sma). On the other hand, the initial hurdle lies at 1.3437 (high Nov.23) ahead of 1.3458 (2015 high Sep.29) and then 1.3500 (psychological level). For more information, read our latest forex news.