• The USD/CAD pair declined on Wednesday, as the Canadian dollar gained strength after the Bank of Canada left interest rate unchanged.
   
• The pair recovered up to 1.3294 levels in the early US session, but fell back as Bank of Canada held rates steady offsetting weaker oil prices.
• The pair remains weak, as the Canadian dollar is set to gain further against dollar in the short term.
   
• The currency pair is trading at 1.3250 levels, it is expected to reach 1.3210 levels and 1.3180 levels in the short term.
   
• The immediate support can be seen at 1.3212, break below this level will expose the pair to next support level at 1.3181.
   
• Major resistance can be seen at 1.3307, break above this level will expose it towards 1.3353 levels.
  
  Resistance Levels
  
  R1: 1.3260 (50% Retracement level)
  
  R2: 1.3307 (61.8% Retracement level)    
  
  R3: 1.3353 (Dec 5th high)
  
  Support Levels
  
  S1: 1.3212 (38.2% Retracement level)    
  
  S2: 1.3181 (Oct 13th lows)             
  
  S3: 1.3150 (23.6% Retracement level)