USD/CAD Technical Analysis: USD/CAD drifts lower to 1.3100 level

• USD/CAD finally broke to the downside and it almost reached 1.3053 support, June 5, swing high.
• USD/CAD bulls are currently trying to support the market above 1.3053 support while bears are trying to keep the market to get back above the 1.3100 figure.

USD/CAD 15-minute chart  

Spot rate:                   1.3093
Relative change:        -0.29%  
High:                          1.3152
Low:                           1.3074

Trend:                         Bearish

Resistance 1:            1.3100 figure
Resistance 2:            1.3155 June 18 low            
Resistance 3:            1.3200 figure  
Resistance 4:            1.3271 last Friday’s high
Resistance 5:            1.3350 figure
Resistance 6:            1.3388, 2018 high
Resistance 7:            1.3543 June 9, 2017 swing high

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