• The USD/CAD pair rose on Tuesday as dollar was broadly steadier as the market priced in the high likelihood of a U.S. Federal Reserve interest rate hike next week.
   
• The Federal Reserve has left no stone unturned in preparing the markets for tighter monetary policy, with an unusual number of key officials including Fed Chair Janet Yellen hinting at a rate hike in the central bank's March 14-15 meeting.
   
• Oil prices firmed on Tuesday but stayed in a tight range, with investors seeking a clearer direction from inventory data and comments from oil officials as rising U.S. shale output offset OPEC production cuts.
   
• Short dip around 1.3380 should be viewed as buying opportunities, as the Canadian dollar is weaker against the US dollar in intraday trading.
   
• Immediate support can be seen at 1.3408, break below this level will expose the pair to next support level at 1.3376.
   
• Immediate resistance can be seen at 1.3437, break above this level will expose the pair towards 1.3475 levels.
  
  Resistance Levels
  
  R1: 1.3437 (38.2% Retracement level)
  
  R2: 1.3475 (23.6% Retracement level)
  
  R3: 1.3500 (Psychological levels)
  
  Support Levels
  
  S1: 1.3408 (50% Retracement level)        
  
  S2: 1.3376 (61.8% Retracement level)
  
  S3: 1.3320 (March 2nd lows)