USD/CAD Technical Analysis: Bulls challenging the monthly high near 1.3150 level

• USD/CAD is trading in a bull trend above the 200-period simple moving average. 
• USD/CAD is testing last week high near the 1.3161 level. The market is trading all its main simple moving averages as technical indicators are in bullish mode. A break above 1.3161 is needed for the continuation of the bull trend with potential targets at 1.3200 and 1.3300 figure.
• A bear breakout below 1.3053 (October 15 high) would be a warning signal for bulls. 

USD/CAD 4-hour chart

Main trend:                Bullish

Resistance 1:            1.3161 October 26 high
Resistance 2:            1.3200 figure
Resistance 3:            1.3300 figure

Support 1:            1.3108, September 7 low
Support 2:            1.3083 September 27 swing high
Support 3:            1.3053 October 15 high
Support 4:            1.3000 figure
Support 5:            1.2950-59 multi-month key level and August 7 low

Additional key levels at a glance