- Dovish shift in Fed expectations post PBOC weighed on USD Wednesday
- USD broadly stronger today after PBOC's Yi Gang comments on the yuan returned risk-on in the markets
- USD/CAD rebounded from yesterday's 1.2952 base, touched session highs at 1.3016 before edging slightly lower to 1.3004
- Strong support is seen by Kijun-Sen at 1.2934, while 1.3040 21 DMA is the next immediate hurdle
- Canadian new house price index and US retail sales data due later in the day will provide further direction to the pair
R1: 1.3040 (21 DMA)
R2: 1.3083 (Tenkan-Sen)
R3: 1.3158 (Daily High Aug 12)
Support Levels:
S1: 1.2952 (Daily low Aug 12)
S2: 1.2944 (Daily Low Jul 30)
S3: 1.2934 (Kijun-Sen)


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