• The USD/CAD pair declined on Friday after data showed stronger-than-expected Canadian jobs data, although decline for the currency pair was limited as oil prices and stocks fell.
   
• The pair hit low at 1.2696, before rebounding back  to trade at 1.2736 levels in the mid-morning US session.
   
• Further downside is expected to be limited as the pair finds strong support at 1.2644 which should limit downside and bring rebound back to higher levels.
   
• The immediate support can be seen at 1.2696, break below this level will expose the pair to next support level at 1.2644.
   
• Major resistance can be seen at 1.2750, break above this level will expose it towards 1.2811 levels.
  
  Resistance Levels
  
  R1: 1.2750 (38.2% Retracement level)
  
  R2: 1.2811 (23.6% Retracement level)
  
  R3: 1.2845 (June 7th high)
  
  Support Levels
  
  S1: 1.2696 (50% Retracement level)        
  
  S2: 1.2644 (61.8% Retracement level)
  
  S3: 1.2600 (Psychological levels)