• The USD/CAD pair rose on Tuesday after renewed expectations of an increase in U.S. interest rates next month pushed the dollar higher.
   
• Dollar spiked after hawkish comments from Cleveland Fed President Loretta Mester led traders to prepare for the possibility of an interest rate hike as soon as March.
   
• Investors will keep an eye on comments from three Federal Reserve officials on Tuesday for insight into the timing of the next interest rate hike.
   
• U.S. crude prices were up 2.3 percent at $54.63 a barrel after the Organization of the Petroleum Exporting Countries said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher.
   
• Currently, the currency pair is trading at 1.3137 levels, it is set to advance further towards 1.3180 and later 1.3230 levels in the short term.
   
• Immediate support can be seen at 1.3126, break below this level will expose the pair to next support level at 1.3106.
   
• Immediate resistance can be seen at 1.3146, break above this level will expose the pair towards 1.3171 levels.
  
  Resistance Levels
  
  R1: 1.3146 (38.2% Retracement level)
  
  R2: 1.3171 (23.6% Retracement level)
  
  R3: 1.3200 (Psychological levels)
  
  Support Levels
  
  S1: 1.3126 (50% Retracement level)        
  
  S2: 1.3106 (61.8% Retracement level)
  
  S3: 1.3088 (Feb 20th lows)