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- USD/CAD trading within a narrow range ahead of the highly anticipated U.S. interest rate decision later this week
- After losing about 14 percent this year so far, the Canadian dollar has been consolidating in recent weeks and movement remains subdued on the day
- The Canadian dollar ended the North American session on Monday at C$1.3264 to the greenback
- Techs remain conflicted, MACD down,slow stochs up, however slow stochs are losing momentum, threatening a negative cross
- USD/CAD is currently trading at 1.3261, with immediate support at 1.2352 (4h Tenkan) and resistance at 1.3266 (Session High Sep 15)
R1: 1.3266 (Session High Sep 15)
R2: 1.3280 (Sept 14 highs)
R3: 1.3310 (Daily Highs Sep 7/8/11)
Support Levels:
S1: 1.3225 (Session Low Sep 14)
S2: 1.3216 (Daily Low Sep 11)
S3: 1.3214 (21-Day MA)
