USD/CAD Technical Analysis: USD/CAD getting a boost above 1.3000 figure

• USD/CAD found support near the 1.2960 level in early Europe and then bull lifted the currency pair back above the 1.3000.  
• USD/CAD has found support at the daily 100-period simple moving average but as the market has been extremely two-sided in the past weeks, the bearish correction remains in place.  
• A breakout above 1.3120-1.3155 would likely be the end of the bearish correction and the resumption of the bear trend while a breakout below 1.2950 would likely open the door to more losses towards 1.2855 June 6 low.

USD/CAD 15-minute chart

USD/CAD daily chart

Spot rate:                   1.3017
Relative change:        0.10%  
High:                          1.3026
Low:                           1.2959

Trend:                        Bullish / Bearish correction  

Resistance 1:            1.3022 July 25 low
Resistance 2:            1.3053-1.3066 area, June 5 swing high and July 9 low
Resistance 3:            1.3100-1.3120 figure and supply/demand level
Resistance 4:            1.3155 June 18 low
Resistance 5:            1.3200 figure  
Resistance 6:            1.3271 June 29 high  
Resistance 7:            1.3350 figure
Resistance 8:            1.3388, 2018 high
Resistance 9:            1.3543 June 9, 2017 swing high

Support 1:                 1.3000 figure
Support 2:                 1.2974 August 1 low
Support 3:                 1.2900 figure
Support 4:                 1.2855 June 6 low