FXStreet (Edinburgh) - The Canadian dollar is picking up pace vs. its American counterpart on Monday, taking USD/CAD to test daily lows in the 1.4130 area so far. USD/CAD weaker despite, USD-strength and lower oil The pair is currently retreating for the first time after five consecutive advances, including fresh cycle highs in the boundaries of 1.4200 the figure, levels last seen over a decade ago. CAD is finding some bids in spite of another drop of crude oil prices – WTI is now down nearly 2% - and a renewed firmer tone around the US dollar, as markets continue to digest Friday’s solid Payrolls numbers in the US economy. USD/CAD significant levels At the moment the pair is down 0.19% at 1.4121 and a breach of 1.3793 (low Dec.24) would open the door to 1.3653 (3-month uptrend) and then 1.3565 (55-day sma). On the flip side, the next resistance aligns at 1.4190 (high Jan.11) ahead of 1.4196 (high Jul.23 2003) and then 1.4672 (high Apr.24 2003). For more information, read our latest forex news.