• The USD/CAD pair inched higher on Thursday as solid U.S. data and lower oil prices supported dollar bulls ahead of global central bankers' gathering in Jackson Hole.
   
• Investors await clues from Jackson Hole on the U.S. interest rate outlook, with the focus on Friday's keynote speech by Federal Reserve Chair Janet Yellen.
   
• As long the pair trades above strong support zone located at 1.2866 levels, the ongoing bullish trend for the pair is set to continue in the short term.
   
• The currency pair is trading around 1.2933 levels, it is expected to reach 1.2960 levels and 1.3000 levels in the short term.
   
• The immediate support can be seen at 1.2905, break below this level will expose the pair to next support level at 1.2866.
   
• Major resistance can be seen at 1.2972, break above this level will expose it towards 1.3020 levels.
  
  Resistance Levels
  
  R1: 1.2938 (38.2% Retracement level)
  
  R2: 1.2972 (23.8% Retracement level)
  
  R3: 1.3020 (July 18th high)
  
  Support Levels
  
  S1: 1.2905 (50% Retracement level)        
  
  S2: 1.2866 (61.8% Retracement level)
  
  S3: 1.2800 (Psychological levels)