• The USD/CAD pair inched higher on Thursday as crude oil prices declined, with the currency pair pulling back from daily lows hit in the early in the Asian session.
   
• The pair hit low at 1.3098 before recovering to trade around 1.3176 levels in the early US session.
   
• As long the pair trades above strong support located at 1.3000 levels, the ongoing bullish trend for the pair is set to continue.
   
• The immediate support can be seen at 1.3130, break below this level will expose the pair to next support level at 1.3067.
   
• Major resistance can be seen at 1.3195, break above this level will expose the pair towards 1.3241 levels.
  
  Resistance Levels
  
  R1: 1.3195 (38.2% Retracement level)
  
  R2: 1.3241 (July 26th high)
  
  R3: 1.3271 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.3130 (50% Retracement level)        
  
  S2: 1.3067 (61.8% Retracement level)
  
  S3: 1.3000 (Psychological levels)