• 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)