USD/CAD Technical Analysis: USD/CAD bears attacking the 1.3000 level

• USD/CAD tried to trade above the 1.3053-1.3066 area but found selling interest as the bulls ran out of steam near the 1.3040 level.
• USD/CAD bearish bias remains intact as long as the pair remains contained below the 1.3120-1.3155 key area.  
• Bears next objective is to drive USD/CAD below the 1.3000 psychological level in order to reach 1.2974 August 1 low and eventually to the 1.2900 figure in the coming days. On the flip side, bulls want a breakout above the 1.3053-1.3066 area in order to initially reach the 1.3120 resistance.  

USD/CAD 15-minute chart

Spot rate:                   1.3009
Relative change:        0.14%  
High:                          1.3041
Low:                           1.2987

Trend:                         Bearish

Resistance 1:            1.3022 July 25 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 August 1 low
Support 3:                 1.2900 figure
Support 4:                 1.2855 June 6 low