USD/CAD Technical Analysis: Bears losing steam as USD/CAD stays above 1.3000

• USD/CAD has been unable to break below the 1.3000 level since the start of the week.  
• Bears are starting to lose steam as the 50-period simple moving average has crossed above the 200 SMA.  
• If bulls are able to keep the market above 1.3000 the next scaling points to the upside are seen near 1.3053-1.3066 area and 1.3100-1.3120 zone.  

USD/CAD 15-minute chart

Spot rate:                   1.3013
Relative change:         0.07%  
High:                          1.3041
Low:                           1.2990

Trend:                          Bearish to neutral above 1.3000

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
Support 4:                 1.2855 June 6 low