USD/CAD down 0.44% into Europe close; Monday range 1.2945-1.2843

Pair consolidating below key 50% Fib at 1.2083, 55-DMA 1.2865

Commodities rise aids CAD rise, oil +1%, copper +0.5%

CAD firm after BoC's recent 100bp rate hike; Fed seen at+75bp Wednesday

Fed comments will be scrutinized for inflation-recession view

Support at 1.2825 Jul 22 low, lwr 21-d Bolli 1.2792, 200-DMA 1.2714

Res 10-HMA 1.2878, 1.2945 Monday high, 1.3024 daily Tenkan line

Unless Fed goes uber-dovish, parallel US-CA rate paths should keep $CAD anchored near current lvls