• The USD/CAD pair continued its decline on Friday, as the Canadian dollar gained strength as the prices of oil gained further ground.
   
• The pair hit low at 1.3130 levels in the early US session, but recovered towards 1.3170 as oil prices pared gains.
   
• The pair remains weak, as the Canadian dollar is set to gain further against dollar in the short term.
   
• The currency pair is trading at 1.3156 levels, it is expected to reach 1.3100 levels and 1.3070 levels in the short term.
   
• The immediate support can be seen at 1.3156, break below this level will expose the pair to next support level at 1.3120.
   
• Major resistance can be seen at 1.3249, break above this level will expose it towards 1.3300 levels.
  
  Resistance Levels
  
  R1: 1.3200 (50% Retracement level)
  
  R2: 1.3249 (Oct 6th high)
  
  R3: 1.3300 (Psychological levels)
  
  Support Levels
  
  S1: 1.3156 (50% Retracement level)        
  
  S2: 1.3120 (23.6% Retracement level)    
  
  S3: 1.3074 (23.6% Retracement level)