USD/CAD Technical Analysis: USD/CAD finds support at 1.3000 the figure

• USD/CAD is trying to stabilize above the 1.3000 figure. USD/CAD bulls tried to breakout above the 1.3120 resistance on Wednesday but the market seems enclined to stay in trading range mode for the time being. 
• USD/CAD is essentially in a bearish pullback and has found support at the 100-daily simple moving average this week. 
• Bulls objective is to breakout above the 1.3120-1.3155 area in order to resume the main bull trend. 
• On the flip side bears want a breakout below 1.2974 August 1 swing low in order to transform the current bearish pullback into a bearish reversal.  

USD/CAD 15-minute chart

USD/CAD daily chart

Spot rate:                   1.3035
Relative change:        0.10% 
High:                          1.3050
Low:                           1.2997

Trend:                        Bullish / Bearish correction 

Resistance 1:            1.3053-1.3066 area, June 5 swing high and July 9 low
Resistance 2:            1.3100-1.3120 figure and supply/demand level
Resistance 3:            1.3155 June 18 low
Resistance 4:            1.3200 figure  
Resistance 5:            1.3271 June 29 high 
Resistance 6:            1.3350 figure
Resistance 7:            1.3388, 2018 high
Resistance 8:            1.3543 June 9, 2017 swing high

Support 1:                 1.3022 July 25 low
Support 2:                 1.3000 figure
Support 3:                 1.2974 August 1 swing low
Support 4:                 1.2900 figure
Support 5:                 1.2855 June 6 low