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USD/CAD Technical Analysis: Greenback bulls at work wanting to own 1.3100 figure

  • USD/CAD found support very near 1.3053 June 5, swing high earlier in the European session.
  • USD/CAD bulls are trying to reclaimed the 1.3100 figure but are currently capped by the 200-period simple moving average. 
  • USD/CAD momentum might have shifted to bullish as the market found support at 1.3053 and pushed above 1.3100. 

USD/CAD 15-minute chart 

Spot rate:                   1.3105
Relative change:        0.16% 
High:                          1.3115
Low:                           1.3065

Trend:                         Bullish

Resistance 1:            1.3100 figure
Resistance 2:            1.3155 June 18 low           
Resistance 3:            1.3200 figure 
Resistance 4:            1.3271 June 29 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

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