• The Canadian dollar rose against U.S. counterpart on Thursday as markets reversed course globally with the shooting death of a British lawmaker who backed Britain remaining in the European Union.
   
• Canada's annual inflation slowed in May to 1.5 percent from a rate of 1.7 percent in April, meanwhile, the annual core inflation rate was 2.1 percent, down from 2.2 percent in April.
   
• The currency pair is trading around 1.2848 levels, it is expected to reach 1.2800 and 1.2750 levels in the short term.
   
• The immediate support can be seen at 1.2818, a break below this level will expose the pair to next support level at 1.2980.
   
• Major resistance can be seen at 1.2919, break above this level will expose it towards 1.4130 and beyond.
  
  Resistance Levels
  
  R1: 1.2870 (50% Retracement level)
  
  R2: 1.2919 (61.8% Retracement level)
  
  R3: 1.2980 (June 6th high)
  
  Support Levels
  
  S1: 1.2818 (38.2% Retracement level)    
  
  S2: 1.2756 (23.6% Retracement level)
  
  S3: 1.2660 (June 10 lows)