• USD/CAD declined sharply on Thursday, as oil rose and minutes from the Federal Reserve's July meeting weighed on the greenback.
   
• Currently, the currency pair is trading at 1.2784 levels, it is set to decline future towards 1.2750 and later 1.2700 levels in the short term.
   
• To the upside, the strong resistance can be seen at 1.2919, a break above will take the pair towards next resistance level at 1.2976.
   
• To the downside immediate support can be seen at 1.2768 levels, a break below will open the door towards next level at 1.2695.
  
  Resistance Levels
  
  R1: 1.2844 (61.8% Retracement level)
  
  R2: 1.2919 (Aug 17th high)
  
  R3: 1.2976 (Aug 15th high)
  
  Support Levels
  
  S1: 1.2768 (50% Retracement level)
  
  S2: 1.2695 (38.2% Retracement level)
  
  S3: 1.2604 (23.6% Retracement level)