• Canadian dollar firmed against US dollar on Tuesday, after Canadian dollar gathered some momentum as oil rose as forecasts for a drop in U.S. inventories and speculation of producer action to prop up prices countered concern about a supply glut.
   
• However, intraday trend remains bullish for the pair as the oil-correlated Canadian dollar is set to come under pressure from strengthening dollar in the short term.
   
• The currency pair is trading around 1.3133 levels, it is expected to reach 1.3200 levels and 1.3250 levels in the short term.
   
• The immediate support can be seen at 1.3100, break below this level will expose the pair to next support level at 1.3052.
   
• Major resistance can be seen at 1.3200, break above this level will expose it towards 1.3252 levels.
  
  Resistance Levels
  
  R1: 1.3144 (38.2% Retracement level)
  
  R2: 1.3200 (23.6% Retracement level)
  
  R3: 1.3252 (July 27th high)
  
  Support Levels
  
  S1: 1.3100 (50% Retracement level)        
  
  S2: 1.3052 (61.8% Retracement level)
  
  S3: 1.3000 (Psychological levels)