The USD/CAD pair regained upside on Tuesday as stronger dollar and lower oil prices weighted on risk-sensitive commodity currency.
The pair hit low at 1.2965 before rebounding sharply to trade around 1.3070 levels in the afternoon US session.
Currently, the currency pair is trading around 1.3070 levels, it is set to advance further towards 1.3150 and later towards 1.3200 levels in the short term.
The immediate support can be seen at 1.3026, break below this level will expose the pair to next support level at 1.2965.
Major resistance can be seen at 1.3143, break above this level will expose the pair towards 1.3224 levels.