The greenback keeps the positive note vs. its Canadian peer on Wednesday, now sending USD/CAD to the area of 1.3170. USD/CAD focus on oil, EIA Spot is advancing further today backed by a continuation of the buying interest around the US dollar amidst a risk-off environment. In the meantime, CAD remains unable to capitalize the abrupt upside in crude oil prices, with the barrel of West Texas Intermediate up nearly 3% and approaching the $37.00 mark. Next of relevance for the pair will be the PMI gauge tracked by Ivey, followed by the weekly report on crude oil inventories by the EIA (3.15 m expected). USD/CAD significant levels As of writing the pair is up 0.23% at 1.3167 and a breakout of 1.3290 (23.6% Fibo of 1.4692-1.2858) would open the door to 1.3384 (200-day sma) and finally 1.3539 (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.