The USD was generally stronger overnight, ahead of the release of the Federal Reserve interest rate decision. Focus on todays meeting will be on any changes in the language that accompanies the release,in particular as relates to the timing of any interest rate decisions. The Canadian dollar continues to suffer with the price of crude which was under pressure following the release of US crude oil inventories which increased by 8.9 million barrels from the previous week .Crude oil inventories in the US are now at their highest level in 80 years at 406.7m barrels.
CAD Range 1.2462-1.2389 ; Currently 1.2451; Support 1.2355 1.2305 ; Resistance 1.2475 1.25
Chart below at 11:35 PST