The Canadian dollar continues to depreciate vs. the greenback today, now lifting USD/CAD towards daily tops around 1.3200 the figure. USD/CAD higher on oil, USD-strength The continuation of the offered tone in crude oil prices have undermined prospects of further CAD strength so far, while the re-emergence of the risk-off sentiment has given extra wings to the greenback. In addition, US Markit’s Services PMI and the ISM Non-manufacturing have surprised markets to the upside for the month of March, adding to the bid tone in USD. USD/CAD significant levels As of writing the pair is advancing 0.64% at 1.3171 and a breakout of 1.3290 (23.6% Fibo of 1.4692-1.2858) would open the door to 1.3382 (200-day sma) and finally 1.3565 (55-day sma). On the flip side, the immediate support is located at 1.2858 (2016 low Mar.31) ahead of 1.2827 (monthly low Oct.15 2015) and finally 1.2124 (monthly low Jun.16). For more information, read our latest forex news.