FxWirePro: USD/CAD rangebound ahead of U.S.-Ukraine-Europe talks

• USD/CAD traded in tight range on Monday as investor attention turned to Washington where Ukraine's Volodymyr Zelenskiy .

• U.S. President Donald Trump is set to meet Ukrainian President Volodymyr Zelenskiy and European leaders on Monday to push forward peace talks.

•This week, investors will focus on the Federal Reserve’s annual economic policy symposium in Jackson Hole, Wyoming, on Friday for hints on future monetary policy.

•  In Canada, investors are closely watching the release of July inflation data on Tuesday. According to    economists, the annual inflation rate is expected to ease to 1.7% from the previous month.

• A slowdown in domestic inflation could lead the Bank of Canada to cut interest rates. At its last meeting, the central bank kept rates unchanged but indicated it may reduce them further if economic growth weakens and inflation remains under control.

• Immediate resistance is located at 1.3848(50%fib), any close above will push the pair towards 1.3892(Higher BB).

• Support is seen at 1.3757(SMA 20) and break below could take the pair towards 1.3717(38.2%fib).

Recommendation: Good to buy around 1.3800, with stop loss of 1.3740 and target price of 1.3870