• The USD/CAD pair continued its advance on Thursday, as the Canadian dollar weakened as the prices of oil lost further ground.
   
• Oil fell for the sixth straight session on mounting concerns about Britain's possible exit from the European Union.
• The pair remains strong, as the Canadian dollar is set to lose further ground against dollar in the short term.
   
• The currency pair is trading at 1.3037 levels, it is expected to reach 1.3100 levels and 1.3150 levels in the short term.
   
• The immediate support can be seen at 1.2930, break below this level will expose the pair to next support level at 1.2870.
   
• Major resistance can be seen at 1.3104, break above this level will expose the pair towards 1.3184 levels.
  
  Resistance Levels
  
  R1: 1.3044 (50% Retracement level)
  
  R2: 1.3104 (June 3rd high)           
  
  R3: 1.3184 (61.8% Retracement level)
  
  Support Levels
  
  S1: 1.2930 (50% Retracement level)        
  
  S2: 1.2870 (June 15th lows)          
  
  S3: 1.2818 (61.8% Retracement level)