- USD/CAD bull trend is on hold as the market keeps ranging between key support and resistance levels.
- USD/CAD is reaching the 1.3000 psychological level which can represent a potential buying opportunity for trading range traders. Bullish target is at 1.3200 figure.
- A bear breakout below 1.2959 would invalidate the bullish bias.
USD/CAD 15-minute chart
Spot rate: 1.3015
Relative change: -0.52%
High: 1.3106
Low: 1.3010
Trend: Bullish
Resistance 1: 1.3048-1.3066 area, August 14 low and July 9 low
Resistance 2: 1.3100 figure
Resistance 3: 1.3120-1.3155 zone, supply/demand level and June 18 low
Resistance 4: 1.3172 August 13 swing high
Support 1: 1.3022 July 25 low
Support 2: 1.3000 figure
Support 3: 1.2959 August 7 swing low
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