• The USD/CAD declined on Thursday, as commodity currencies were helped by the Federal Reserve's decision to keep U.S. interest rates unchanged and buoyed by climbing oil prices after a surprise U.S. crude stock draw.
   
• The pair hit low at 1.2999 in the early US session before retreating slightly towards 1.3009.
   
• The currency pair is trading at 1.3009 levels, it is expected to reach 1.2600 levels and 1.2550 levels in the short term.
   
• The immediate support can be seen at 1.2967, break below this level will expose the pair to next support level at 1.2900.
   
• Major resistance can be seen at 1.3100, break above this level will expose it towards 1.3146 levels.
  
  Resistance Levels
  
  R1: 1.3033 (61.8% Retracement level)
  
  R2: 1.3100 (Psychological levels)               
  
  R3: 1.3146 (Sep 1st high)
  
  Support Levels
  
  S1: 1.2967 (50% Retracement level)        
  
  S2: 1.2900 (38.2% Retracement level)    
  
  S3: 1.2846 (Sep 8th lows)