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- USD/CAD recovering from day's lows by 1.2918, currently trades at 1.2960
- Immediate resistance is seen at 1.3043 (Daily High Jul 28), while support lies at 1.2920 (Daily Low Jul 29)
- Market focus lies on the Fed, no change is policy is expected, commentary bias is the key
- A hawkish statement could buoy USD bulls, taking the pair higher
R1: 1.2966 (Daily High Jul 29)
R2: 1.3043 (Daily High Jul 28)
R3: 1.3050 (Daily High Jul 27)
Support Levels:
S1: 1.2920 (Daily Low Jul 29)
S2: 1.2912 (Daily Low Jul 28)
S3: 1.2900 (Psychological Level)
