• USD/CAD is steady above 1.3130 support as crude oil is down.
• The levels to beat for buyers are at 1.3158 and 1.3180.

Crude oil falls sharply as Kuwait and Saudi Arabia look to resume production in Neutral Zone

USD/CAD daily chart

 
USD/CAD is advancing above the 1.3100 figure while trading below its main daily simple moving averages (DSMAs). Oil is down giving USD/CAD a boost. 

USD/CAD 4-hour chart

 
USD/CAD is testing the 1.3158 resistance as well as the 200 SMA. A break above the resistance level could lead to 1.3180, 1.3205 and 1.3232 resistances, according to the Technical Confluences Indicator.

USD/CAD 30-minute chart

 
USD/CAD is trading above the main SMAs suggesting a bullish bias in the near term. Immediate support can be seen at 1.3130 and 1.3110, according to the Technical Confluences Indicator.

Additional key levels