• The USD/CAD pair slipped lower on Monday as crude oil prices rose. The pair hit high at 1.3374 before declining to trade around 1.3323 levels in the early US session. 
  
  
• As long the pair trades below strong resistance located at 1.3400 levels, the ongoing bearish trend for the pair is set to continue. 
  
  
• The currency pair is trading around 1.3324 levels, it is expected to reach 1.3250 levels and 1.3180 levels in the short term.
  
  
• The immediate support can be seen at 1.3300, break below this level will expose the pair to next support level at 1.3235.
  
  
• Major resistance can be seen at 1.3400, break above this level will expose it towards 1.3480 and beyond.
  
  Resistance Levels
  
  R1: 1.3365 (61.8% Retracement level)
  
  R2: 1.3400 (Psychological levels)
  
  R3: 1.3480 (March 4th high)
  
  Support Levels
  
  S1: 1.3300 (50% Retracement level)
  
  S2: 1.3235 (38.2% Retracement level)
  
  S3: 1.3150 (23.6% Retracement level)