• USD/CAD inched higher on Tuesday as rising risk aversion and lower oil prices weighed on the risk-sensitive Canadian dollar.
   
• Oil prices declined as optimism faded for an output-limiting deal from an oil producer meeting in Algeria that has so far failed to yield any agreement to curb one of the worst supply gluts in history.
   
• Currently, the currency pair is trading at 1.3269 levels, it is set to advance future towards 1.3330 and later 1.3400 levels in the short term.
   
• To the upside, the strong resistance can be seen at 1.3335, a break above will take the pair towards next resistance level at 1.3400.
   
• To the downside, immediate support can be seen at 1.3220 levels, a break below will open the door towards next level at 1.3169.
  
  Resistance Levels
  
  R1: 1.3280 (Session high)
  
  R2: 1.3335 (23.6% Retracement level)
  
  R3: 1.3400 (March 16th high)
  
  Support Levels
  
  S1: 1.3220 (50% Retracement level)
  
  S2: 1.3169 (61.8% Retracement level)
  
  S3: 1.3128 (Sep 26th lows)