• The USD/CAD pair continued to gain from its Friday's close, as the Canadian dollar lost further ground against US dollar on Monday. Crude oil prices started the week with a negative note, with Brent slipping to $ 30.42 a barrel, after no outcome came out of Saudi -Venezuela meeting to boost oil prices.
  
  
• The currency pair is trading around 1.3953 levels, it is expected to reach 1.4000 levels and 1.4150 levels in the short term.
  
  
• The immediate support can be seen at 1.3943, break below this level will expose the pair to next support level at 1.3780.
  
  
• Major resistance can be seen at 1.4060, break above this level will expose it towards 1.4130 and beyond.
  
  Recommendation: Go long around 1.3900 with targets at 1.4060, 1.4120 SL 1.3850
  
  Resistance Levels
  
  R1: 1.4060 (Feb 1st high)
  
  R2: 1.4130 (38.2% Retracement level)
  
  R3: 1.4200 (Psychological levels)
  
  Support Levels
  
  S1: 1.3943 (50% Retracement level)
  
  S2: 1.3780 (61.8% Retracement level)
  
  S3: 1.3628 (Feb 4th lows)