The USD / CAD pair have extended their steady retreat from Asia to the bottom of their daily trading range by the middle of the 1.3200s.
A combination of negative factors could not help the pair build on the good- night trial of 100-day SMA to bounce back causing them to sell again in the region near 13280.
The US dollar bulls stood on the defensive against the expectations of the Fed, whereas the commodity- linked currency- Loonie- was backed by a halt in crude oil prices.
It would now be interesting to see if the pair is able to attract any fresh buying interest or bears regain control as the focus remains on the high-level US-China trade talks and the highly anticipated FOMC monetary policy update on Wednesday.
Latest Forex News, Analysis & Market Moving Events: