USD/CAD Technical Analysis: Bouncing from 1.2900 - Bulls looking at 1.3050 level

• USD/CAD is evolving in a bear channel within the main bull trend.
• USD/CAD is rebounding from the 1.2900 level and the lower end of the channel. The market is currently testing 1.2984 (August 29 swing low). A break above the level would open the door to 1.3048-1.3066 area (August 14 low and July 9 low).  

USD/CAD 4-hour chart

Spot rate:                   1.2856
Relative change:        -0.06% 
High:                          1.2964
Low:                           1.2899

Trend:                         Bullish 
Short-term trend:        Bullish above 1.2900

Resistance 1:            1.2984 August 29 swing low 
Resistance 2:            1.3000 figure
Resistance 3:            1.3022 July 25 low
Resistance 4:            1.3048-1.3066 area, August 14 low and July 9 low
Resistance 5:            1.3100 figure 
Resistance 6:            1.3120-1.3155 zone, supply/demand level and June 18 low
Resistance 7:            1.3172 August 13 swing high 

Support 1:                 1.2959 August 7 swing low
Support 2:                 1.2920 supply level 
Support 3:                 1.2900 figure
Support 5:                 1.2857 June 6 low
Support 6:                 1.2800 figure