• USD/ CAD declined below 1.3600 level on Wednesday as dollar attracted selling ahead of U.S. Federal Reserve's July policy meeting.
• The release of the Federal Reserve's meeting minutes, scheduled for 2:00 p.m. ET, is expected to provide insights into policymakers' views on the timing of potential interest-rate cuts.
• Investors are also eyeing U.S. data this week, including the PMI surveys and weekly jobs report on Thursday.
• Technical signals are bearish as RSI is at 29, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.3634 (38.2%fib), any close above will push the pair towards 1.3674 (50%fib).
• Support is seen at 1.3575(23.6%fib) and break below could take the pair towards 1.3552(Lower BB).
Recommendation: Good to sell around 1.3580, with stop loss of 1.3640 and target price of 1.3490
