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  • USD/CAD is trading up into a key resistance area at 1.3120-1.3155.  
  • USD/CAD bulls objective is to breakout above this zone and the daily bearish trendline in order to resume the main bull trend.  
  • Targets to the upside are seen near 1.3172, 1.3200 and 1.3271 June 29 high. Supports are located near 1.3100 figure, 1.3053-1.3066 area and 1.3022 July 25 low.    

USD/CAD 15-minute chart

USD/CAD daily chart

Spot rate:                   1.3137
Relative change:          0.60%  
High:                          1.3143
Low:                           1.3048

Trend:                                 Bullish  
Short-term Trend:               Bearish below 1.3120-1.3155 area

Resistance 1:            1.3120-1.3155 area, supply/demand level and June 18 low
Resistance 2:            1.3172 August 13 swing high  
Resistance 3:            1.3200 figure  
Resistance 4:            1.3271 June 29 high  
Resistance 5:            1.3350 figure
Resistance 6:            1.3388, 2018 high
Resistance 7:            1.3543 June 9, 2017 swing high

Support 1:                 1.3100 figure  
Support 2:                 1.3053-1.3066 area, June 5 swing high and July 9 low
Support 3:                 1.3022 July 25 low
Support 4:                 1.3000 figure
Support 5:                 1.2974 August 1 swing low
Support 6:                 1.2900 figure
Support 7:                 1.2855 June 6 low