USD/CAD Technical Analysis: Greenback bulls grinding higher eyeing a breakout above 1.3155 level

• USD/CAD is now back into last week’s range (yellow rectangle) between the 1.3120 and 1.3155 level.
• USD/CAD momentum is shifting to bullish as the 50 and 100-period simple moving averages have crossed above the 200-period SMA.
• Bulls need to breakout above 1.3155 in order to claim higher prices.  

USD/CAD 15-minute chart

Spot rate:                   1.3135
Relative change:        0.21%  
High:                          1.3148
Low:                           1.3099

Trend:                         Bullish

Resistance 1:            1.3155 June 18 low            
Resistance 2:            1.3200 figure  
Resistance 3:            1.3271 June 29 high
Resistance 4:            1.3350 figure
Resistance 5:            1.3388, 2018 high
Resistance 6:            1.3543 June 9, 2017 swing high

Support 1:                 1.3100 figure
Support 2:                 1.3053 June 5, swing high
Support 3:                 1.2974 May 9 high
Support 4:                 1.2900 figure