The Canadian Dollar (CAD) is trading thin on Wednesday, holding close to flat against the Greenback and stuck within a fifth of a percent across the major currency board. USD/CAD eased back to the 1.3700 handle before finding a floor in the midweek markets session, but the pair is trading into the low side of median bids at the 200-hour Exponential Moving Average (EMA) near 1.3725.

Despite a lack of near-term momentum, the CAD is slowly grinding out thin gains against the US Dollar. The USD/CAD has closed flat or down for all but one of the last seven straight trading days, and Wednesday is firmly on pace to chalk in an eighth. The pair is still holding on the high side of the 50-day EMA at 1.3675 and remains trapped in bull country above the 200-day EMA at 1.3578.