FxWirePro: USD/CAD extends consolidation phase, overall bias higher

USD broadly offered as market drifts on position adjustment ahead of FOMC, while oil rose on after an unexpected drawdown in U.S. stockpiles
USD/CAD trades in a tight range as market participants largely on sidelines ahead of FOMC
The pair edged higher from session lows at 1.3210, is currently trading at 1.3246, day's range 13.210-57
Overall bias remains on the upside, Tenkan & kijun lines are positively aligned, highlighting the bullish sentiment
Immediate resistance is seen at 1.3253 (21-Day MA) ahead of 1.3273 (Daily High Sep 15)
On the downside supports are located at 1.3211 (Session Low Sep 16) and then 1.3179 (Daily Low Sep 10)
US inflation figures will take center stage later in the day, consensus expectation is for a solid reading which could buoy USD bulls

Resistance Levels:

R1: 1.3253 (21-Day MA)

R2: 1.3273 (Daily High Sep 15)

R3: 1.3280 (Daily High Sep 14)

Support Levels:

S1: 1.3211 (Session Low Sep 16)

S2: 1.3179 (Daily Low Sep 10)

S3: 1.3153 (Kijun-Sen)

FxWirePro: USD/CAD extends consolidation phase, overall bias higher

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