- USD/CAD bulls are resuming the main bull trend as they broke from a bull flag formation.
- Bulls have reached the 1.3200 figure target almost in a straight line and while pullbacks can happen the market is strong and the next target at 1.3300 might be hit in the coming sessions.
- A bear breakout below 1.3050 would invalidate the bullish bias.
Spot rate: 1.3196
Relative change: 0.78%
High: 1.3209
Low: 1.3087
Trend: Bullish
Resistance 1: 1.3200 figure
Resistance 2: 1.3300 figure
Resistance 3: 1.3388, 2018 high
Support 1: 1.3172 August 13 swing high
Support 2: 1.3120-1.3155 zone, supply/demand level and June 18 low
Support 3: 1.3048-1.3066 area, August 14 low and July 9 low
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