• 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
  
  

Resistance Levels:

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)