USD/CAD quickly 30 pips higher
Liquidity is beginning to thin out ahead of the Fed decision and a rush out of the Canadian dollar is underway.
Oil reversed higher earlier but it didn't stem the tide of USD/CAD buying. That was a signal that some large flows are going through.
The next level to watch is 1.2957, which is the 61.8% retracement of the early-June drop.
