After rising to its highest level in more than a month at 1.3206 on Tuesday, the USD/CAD pair lost its traction and closed the day in the negative territory as the decisive recovery witnessed in crude oil prices helped the commodity-sensitive CAD find demand. With the market action turning subdued ahead of the FOMC's monetary policy announcements, the pair is consolidation Tuesday's losses and was last seen trading at 1.3177, adding 0.16% o a daily basis.