Canadian dollar gained about 50 pips overnight, as U.S. relaxed terms on some parts of new NAFTA proposal. It's also technicals. The pair encountered resistance at 61.8% retracement of 2017 decline and 2016 - 2017 trendline, with USD/CAD buyers booking some profits ahead of the FOMC decision later today. 1.2975 - 1.30 is the initial support and 1.3050 - 1.3075 the resistance.
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