USD/CAD Technical Analysis: Greenback bulls back into the arena aiming at a break of 1.3100 figure

• USD/CAD has rebounded above its 200-period simple moving average switching the bias to bullish.
• USD/CAD bulls are back into the arena with the intention to break 1.3108 resistance (September 7 low). A break could lead to 1.3150 figure and possibly to 1.3200 figure.
• The channel remains in place suggesting more upward momentum. However, a sustained breakout below 1.3000 figure on a daily closing basis would likely slow harm the bullish momentum.  

USD/CAD 4-hour chart

Spot rate:                   1.3097
Relative change:          0.31%  
High:                          1.3099
Low:                           1.3015

Main trend:                 Bullish

Resistance 1:            1.3083 September 27 swing high
Resistance 2:            1.3108, September 7 low
Resistance 3:            1.3150 figure
Resistance 4:            1.3200 figure

Support 1:                 1.3000 figure
Support 2:                 1.2950-59 multi-month key level and August 7 low
Support 3:                 1.2900 figure
Support 4:                 1.2800 figure