USD/CAD Technical Analysis: Bears eyeing 1.3000 level

• USD/CAD bears took the lead and drove the currency pair below  the 1.3000 support level after breaking below 1.3022 last week low.  
• USD/CAD has pulled back up from the daily low and is currently testing the 1.3022 level which has now become resistance.
• The gap between the 50-period simple moving average (SMA) is starting to widen relative to the 200 SMA suggesting that bearish momentum is building up, however, a clear breakout below 1.3000 would add extra-confirmation to the bearish bias.

USD/CAD 15-minute chart

Spot rate:                   1.3014
Relative change:        -0.3%  
High:                          1.3080
Low:                           1.2991

Trend:                         Bearish

Resistance 1:            1.3022 last week 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 May 9 high
Support 3:                 1.2900 figure