USD/CAD Technical Analysis: USD/CAD finds resistance near 1.3170

• USD/CAD rejected 1.3200 in Asia and has traded for most of Tuesday below its 200-period simple moving average (SMA).  
• USD/CAD is currently pinched between the 1.3155 level and the 200-period SMA at 1.3173.
• A breakout below 1.3155 can lead to a retest of the daily low at 1.3131 and the 1.3100 figure while a bull breakout can see a retest of 1.3200 figure.

USD/CAD 15-minute chart

Spot rate:                   1.3160

Relative change:         -0.20%
 
High:                          1.3210
Low:                           1.3131

Trend:                         Bearish

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:                 1.3155 June 18 low
Support 2:                 1.3100 figure
Support 3:                 1.3053 breakout point