• USD/CAD has once again broken below the 1.3000 figure but earlier in the week all such attempts resulted in failed breakout below the level.
• However, this time around bulls might have grown tired of supporting the market. If Friday closes below 1.3000 the market might be getting ready for a bearish continuation towards 1.2900 figure. If the day closes above 1.3000 then the status quo is likely to stay unchanged with more of the same.
• Resistances are seen near 1.3000, 1.3022 and 1.3053-1.3066 area.

USD/CAD 15-minute chart

Spot rate:                   1.2976
Relative change:        -0.37%
High:                          1.3041
Low:                           1.2971

Trend:                         Bearish

Resistance 1:            1.3000 figure
Resistance 2:            1.3022 last week low
Resistance 3:            1.3053-1.3066 area, June 5 swing high and July 9 low
Resistance 4:            1.3100-1.3120 figure and supply/demand level
Resistance 5:            1.3155 June 18 low
Resistance 6:            1.3200 figure
Resistance 7:            1.3271 June 29 high
Resistance 8:            1.3350 figure
Resistance 9:            1.3388, 2018 high
Resistance 10:           1.3543 June 9, 2017 swing high

Support 1:                 1.2974 May 9 high
Support 2:                 1.2900 figure
Support 3:                 1.2855 June 6 low