• USD/CAD gathered momentum on Tuesday as oil fell and investors braced for a speech by Bank of Canada Governor Stephen Poloz as well as pending U.S. central bank monetary policy decision.
   
• Investors will be looking to see whether Poloz emphasizes the downbeat tone of the Canadian central bank's most recent policy statement.
   
• Currently, the pair is trading at 1.3232 levels, it is set to advance further towards 1.3280 and later 1.3340 levels in the short term.
   
• Immediate support can be seen at 1.3173, break below this level will expose the pair to next support level at 1.3128.
   
• Major resistance can be seen at 1.3300, break above this level will expose it towards 1.3390 levels.
  
  Resistance Levels
  
  R1: 1.3242 (Daily high)
  
  R2: 1.3300 (Psychological levels)               
  
  R3: 1.3390 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.3173 (50% Retracement level)        
  
  S2: 1.3128 (Sep 19th lows)            
  
  S3: 1.3078(61.8 % Retracement level)