USD/CAD Technical Analysis: USD/CAD consolidating 4-day slide above 1.3100 figure

• USD/CAD made an attempt to breakout below Tuesday’s low but the market was supported at 1.3109, the current Wednesday’s low.  
• USD/CAD is currently consolidating the losses of the last four days of trading. It is now finding support at the 50-period simple moving average.  
• Bears will need to overcome the 1.3100 figure while bulls need to reclaim the 1.3200 level in order to gather momentum.  

USD/CAD -minute chart  

Spot rate:                   1.3152

Relative change:         0.09%
 
High:                          1.3163
Low:                           1.3109

Trend:                         Bearish

Resistance 1:            1.3155 June 18 low            
Resistance 1:            1.3173, 200-period SMA (15m)
Resistance 2:            1.3200 figure  
Resistance 3:            1.3271 last Friday’s high
Resistance 4:            1.3350 figure
Resistance 5:            1.3388, 2018 high
Resistance 6:            1.3543 June 9, 2017 swing high

Support 1:                  1.3100 figure
Support 2:                 1.3053 breakout point
Support 3:                 1.2974 May 9 high