USD/CAD Technical Analysis: Range traders looking at USD/CAD approaching 1.3000 level

• USD/CAD bull trend is on hold as the market keeps ranging between key support and resistance levels.
• USD/CAD is reaching the 1.3000 psychological level which can represent a potential buying opportunity for trading range traders. Bullish target is at 1.3200 figure.
• A bear breakout below 1.2959 would invalidate the bullish bias. 
   

USD/CAD 15-minute chart 

Spot rate:                   1.3015
Relative change:        -0.52% 
High:                          1.3106
Low:                           1.3010

Trend:                         Bullish 

Resistance 1:            1.3048-1.3066 area, August 14 low and July 9 low
Resistance 2:            1.3100 figure 
Resistance 3:            1.3120-1.3155 zone, supply/demand level and June 18 low
Resistance 4:            1.3172 August 13 swing high 

Support 1:                 1.3022 July 25 low
Support 2:                 1.3000 figure
Support 3:                 1.2959 August 7 swing low