The USD/CAD pair is currently cruising at daily channel lows, around the 1.3100-1.3150 region, with bears expecting a sustained breakthrough. On the other hand, the Bulls are trying to dominate their trend with good risk-reward management. A dovish Fed reinforced by the ongoing slide in the US Treasury bond yields, kept the USD bulls on the defensive and turned out to be one of the main factors forcing some downward pressure. Bears are trying to maintain their dominant position or the pair is able to defend the Bulls as the focus now shifts to the monthly Canadian GDP growth figures, waiting for release later during the early New York session.