USD/CAD Technical Analysis: Greenback bulls break above 1.3000 figure post-FOMC minutes

• USD/CAD broke above 1.3000 figure and the 200-period simple moving average (SMA) after the release of the FOMC minutes.  
• USD/CAD bulls next objective is to reach 1.3048 (August 14 low). The RSI, MACD and Stochastic indicators suggest bullish momentum continuation.  
• A break of 1.3048 can open the doors to 1.3100 figure which might act as strong resistance.

USD/CAD 4-hour chart

Spot rate:                   1.3015
Relative change:        0.64%  
High:                          1.3023
Low:                           1.2932

Main trend:                Neutral  

Resistance 1:            1.3048 August 14 low
Resistance 2:            1.3083 September 27 swing high
Resistance 3:            1.3108, September 7 low
Resistance 4:            1.3200 figure

Support 1:                 1.3000 figure
Support 2:                 1.2950-59 multi-month key level and August 7 low
Support 3:                 1.2914 October 16 low
Support 4:                 1.2882-1.2900 zone September 20 low and figure
Support 5:                 1.2855-65 June 6 low – 200-day SMA
Support 6:                 1.2800 figure
Support 7:                 1.2727 May 11 low