USD/CAD Technical Analysis: Slow bearish grind targets 1.2960 swing low

• USD/CAD bull trend is on hold since June 27. 
• USD/CAD is sliding down as bulls were unable to contain the market above the bullish trend line. Bears target is 1.2959 swing low. 
• A sustained bull breakout above 1.3120-1.3155 area would negate the bearish bias.  

USD/CAD daily chart

Spot rate:                   1.3016
Relative change:        -0.16% 
High:                          1.3047
Low:                           1.3004

Trend:                                 Bullish 
Short-term Trend:               Bearish below 1.3120-1.3155 area.

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 area, supply/demand level and June 18 low

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