• The USD/CAD declined on Wednesday as the Canadian dollar gained strength against the greenback on US election worries.
   
• The pair initially jumped up to 1.3422 levels after weekly build in US crude stocks, but uncertainty about the outcome of US election strengthened Canadian dollar against the greenback.
   
• The pair remains weak, as the Canadian dollar is set to gain further ground against the dollar on US election jitters in the short term.
   
• The currency pair is trading at 1.3381 levels, it is expected to reach 1.3320 levels and 1.3250 levels in the short term.
   
• The immediate support can be seen at 1.3359, break below this level will expose the pair to next support level at 1.3311.
   
• Major resistance can be seen at 1.3448, break above this level will expose it towards 1.3500 levels.
  
  Resistance Levels
  
  R1: 1.3404 (50% Retracement level)
  
  R2: 1.3448 (38.2% Retracement level)    
  
  R3: 1.3500 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.3359 (61.8% Retracement level)    
  
  S2: 1.3311 (Oct 26th lows)             
  
  S3: 1.3272 (Oct 25th lows)