USD/CAD Technical Analysis: Stubborn Loonie sticking to the range

• USD/CAD is ranging for the sixth consecutive day as the main trend remains bullish.
• USD/CAD met resistance at the 1.3350 level, June 21, 2017 swing high last week.  
• USD/CAD bears would need to breakout below the 1.3267-1.3250 area, current week’s low and figure, in order to stage a trend reversal down.

USD/CAD 15-minute chart

Spot rate:                   1.3304

Relative change:         -0.04%
 
High:                          1.3328
Low:                           1.3275

Trend:                         Bullish above 1.3250

Resistance 1:            1.3350 June 21, 2017 swing high
Resistance 2:            1.3383, last week’s high
Resistance 3:            1.3543 June 9, 2017 swing high

Support 1:                 1.3267-1.3250 current week’s low and figure
Support 2:                 1.3200 figure
Support 3:                 1.3155 former supply/demand level