USD/CAD Technical Analysis: Failed breakout above 1.3200 can lead to deeper pullback

• USD/CAD resumed the main bull rend as it broke above the bull flag. 
• USD/CAD tried to break above 1.3200 figure but the bullish incursion was soon met with a bearish counter-attack which almost sent the Loonie back to 1.3100. 
• Following the sharp sell-off, the market is likely to continue the consolidation phase up to 1.3048-1.3066 area and the cluster of the main simple moving averages.

USD/CAD 4-hour chart

Spot rate:                   1.3141
Relative change:        -0.28% 
High:                          1.3228
Low:                           1.3126

Trend:                        Bullish 
Short-term:                Bearish

Resistance 1:            1.3200 figure 
Resistance 2:            1.3300 figure
Resistance 3:            1.3388, 2018 high

Support 1:            1.3172 August 13 swing high 
Support 2:            1.3120-1.3155 zone, supply/demand level and June 18 low
Support 3:            1.3048-1.3066 area, August 14 low and July 9 low