• The USD/CAD pair rose on Friday as oil dipped and the dollar recovered some ground as disquiet about the policies of U.S. President Donald Trump cooled.
   
• Prices of oil, one of Canada's major exports, were pressured by growing global stocks. U.S. crude prices were down 0.49 percent at $53.10 a barrel.
   
• Short dip around 1.3000 should be viewed as buying opportunities, as the Canadian dollar is weaker against the US dollar in intraday trading.
   
• Immediate support can be seen at 1.2964, break below this level will expose the pair to next support level at 1.2900.
   
• Immediate resistance can be seen at 1.3098, break above this level will expose the pair towards 1.3158 levels.
  
  Resistance Levels
  
  R1: 1.3098 (38.2% Retracement level)
  
  R2: 1.3158 (2nd Feb high)
  
  R3: 1.3181 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.3030 (50% Retracement level)        
  
  S2: 1.3000 (Psychological levels)
  
  S3: 1.2964 (61.8% Retracement level)