• The USD/CAD pair rose on Thursday as oil dipped and the dollar was broadly steadier as investors assessed President Donald Trump's tax reform plan.
   
• Trump's plan would cut the income tax rate paid by public corporations to 15 percent from 35 percent and reduce the top tax rate assessed on pass-through businesses, including small partnerships and sole proprietorships, to 15 percent from 39.6 percent.
   
• Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market.
   
• The ongoing upside is set to continue for this pair as the support level at 1.3562 is likely to act as strong barrier to the bears in the short term.
   
• Immediate support can be seen at 1.3615, break below this level will expose the pair to next support level at 1.3562.
   
• Immediate resistance can be seen at 1.3665, break above this level will expose the pair towards 1.3700 levels.
  
  Resistance Levels
  
  R1: 1.3665 (38.2% Retracement level)
  
  R2: 1.3700 (Psychological levels)
  
  R3: 1.3730 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.3615 (50% Retracement level)        
  
  S2: 1.3562 (61.8% Retracement level)
  
  S3: 1.2525 (Daily lows)