USD/CAD fell sharply as the loonie strengthened at the beginning of the New York session as remarks from ECB Draghi seem to have lifted risk appetite, underpinning stocks and commodities, after he left the door open to more QE. Strength in oil prices is supporting CAD gains, sending USD/CAD down through the 1.3200 level toward a fresh 2-day low of 1.3136. At time of writing, the pair is trading at 1.3160, still 0.84% below its opening price and having turned negative for the week. As for technical levels, USD/CAD could find next supports at 1.3117 (Sep 1 low), 1.3100 (psychological level) and 1.3059 (Aug 21 low). On the other hand, resistances are seen at 1.3230 (10-day SMA), 1.3288 (Sep 3 high) and 1.3323 (Sep 2 high).