• USD/CAD pair rose on Wednesday as Canadian dollar was weighted down by falling crude oil prices and disappointing domestic trade data.
   
• The intraday trend remains bullish for the pair as the oil co-related Canadian dollar has shown weakness against US dollar lately as the oil prices slipped towards 44$ per barrel as excess supply continued to weigh on the commodity.
   
• The currency pair is trading at 1.2881 levels, it is expected to reach 1.2930 and later towards 1.2960 levels in the short term.
   
• The immediate support can be seen at 1.2881, break below this level will expose the pair to next support level at 1.2805.
   
• Major resistance can be seen at 1.2938, break above this level will expose it towards 1.2990 levels.
  
  Resistance Levels
  
  R1: 1.2938 (38.2% Retracement level)                    
  
  R2: 1.2990 (April 18th high)
  
  R3: 1.3022 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.2881 (50% Retracement level)        
  
  S2: 1.2805 (61.8% Retracement level)    
  
  S3: 1.3746 (April 13th low)