FXStreet (Edinburgh) - The Canadian dollar is rapidly appreciating vs. its American neighbor on Monday, dragging USD/CAD to the mid-1.3300s. USD/CAD lower on oil The buying interest around the Canadian dollar has quickly picked up pace today after the barrel of WTI reverted its initial negative tone, jumping to levels above the $42.00 handle from lows near the $39.00 neighbourhood. Next of relevance for the pair will be Markit’s manufacturing PMI, the Chicago Fed National Activity Index and Existing Home Sales, all in the US calendar. In Canada, the BoC’s Review is due tomorrow. USD/CAD levels to consider As of writing, the pair is advancing 0.11% at 1.3359 with the next resistance at 1.3458 (2015 high Sep.29) ahead of 1.3500 (psychological level). On the slip side, a breakdown of 1.3310 (23.6% Fibo of 1.3459-1.2827) would aim for 1.3192 (55-day sma) and then 1.3141 (100-day sma). For more information, read our latest forex news.