USD/CAD Technical Analysis: Bears challenging the 1.3000 figure - More down

• USD/CAD bears took over the market and drove prices below the 1.3048 support putting the main bull trend on hold. 
• USD/CAD is trading back into the bull flag challenging the 1.3000 figure while the RSI, MACD and Stochastics are pointing to more losses. 
• Bear targets to the downside are seen near 1.2959 August 7 swing low and 1.2900 figure. A bull breakout back above 1.3048 would invalidate the bearish bias. 

USD/CAD 4-hour chart

Spot rate:                   1.3004
Relative change:        -0.48% 
High:                          1.3080
Low:                           1.2996

Trend:                        Bullish 
Short-term trend:       Bearish below 1.3048 

Resistance 1:            1.3048 August 14 low
Resistance 2:            1.3108, September 7 low 
Resistance 3:            1.3155 June 18 low
Resistance 4:            1.3172 August 13 swing high 
Resistance 5:            1.3200 figure 
Resistance 6:            1.3300 figure
Resistance 7:            1.3388, 2018 high

Support 1:            1.3000 figure
Support 2:            1.2959 August 7 swing low
Support 3:            1.2855 June 6 low