USD/CAD Technical Analysis: USD/CAD supported near 1.2900 can leave the door open to 1.3000 figure target

• USD/CAD main bull trend is taking a breather since late June. 
• USD/CAD is holding near 1.2900 figure as the market is creating a double bottom with the late August lows. Bulls objective is to reach 1.3000 figure as the RSI, MACD and Stochastics indicators are slowly turning bullish. 
• USD/CAD remains vulnerable to the downside and a resumption of the bear leg can invalidate the short-term bullish bias. 

USD/CAD 4-hour chart

Spot rate:                   1.2926
Relative change:        0.09% 
High:                          1.2951
Low:                           1.2907

Main trend:                        Bullish to Neutral

Resistance 1:            1.2959 August 7 low
Resistance 2:            1.3000 figure
Resistance 3:            1.3048 August 14 low
Resistance 4:            1.3108, September 7 low 
 

Support 1:            1.2885 August 28 swing low
Support 2:            1.2855-65 June 6 low - 200-day SMA
Support 3:            1.2800 figure