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  • USD/CAD main bull trend is on hold.  
  • USD/CAD broke below the 1.3000 figure and is now consolidating the recent losses. RSI and MACD are bearish while the Stochastics indicator is in oversold territory suggesting that the market might have a small pullback which should ideally stay below 1.3000 figure and contained in the bear channel (green lines)
  • The target to the downside is seen near 1.2885 August 28 swing low.  

USD/CAD 4-hour chart

Spot rate:                   1.2967
Relative change:       -0.06%  
High:                          1.2990
Low:                           1.2930

Trend:                        Bullish  
Short-term trend:       Bearish

Resistance 1:            1.3000 figure
Resistance 2:            1.3048 August 14 low
Resistance 3:            1.3108, September 7 low  
Resistance 4:            1.3155 June 18 low
Resistance 5:            1.3172 August 13 swing high  
Resistance 6:            1.3200 figure  
Resistance 7:            1.3300 figure
Resistance 8:            1.3388, 2018 high

Support 1:            1.2959 August 7 low
Support 2:            1.2885 August 28 swing low
Support 3:            1.2855 June 6 low