Canadian dollar rebounded from 13- year lows, supported around C$1.4500

Canadian dollar rebounded overnight after BoC kept overnight rate unchanged at 0.50%. The central bank maintained a relatively neutral stance and noted in the statement that "the current stance of monetary policy is appropriate". Though, it did acknowledge that fall in oil and commodity prices "represents a setback for the Canadian economy". And, "the Bank now expects the economy's return to above-potential growth to be delayed until the second quarter of 2016." BoC now projected that the economy will grow by 1.25% in 2016 and 2.25% in 2017.

The so-called loonie was up 0.34% and trading at C$1.4510 against the greenback, after hitting an intraday low of C$1.4449 earlier in the session.

Initial support levels are seen around C$1.4420 and C$1.4339 levels. On the top side major resistance level seen at C$1.4555 levels.