USD/CAD Technical Analysis: USD/CAD falls to its lowest since mid-June - Trading near 1.3050 level

• USD/CAD fell about 100 pips this Wednesday on a combination of weak USD and stronger CAD led by higher oil prices.
• USD/CAD reached the 1.3053-1.3066 support zone and is currently consolidating the current drop. 
• The next scaling points to the downside are seen near 1.2974 May 9 high and the 1.2900 figure while minor resistance is seen at 1.3080 intraday swing low and then at 1.3100-1.3120 figure and supply/demand level.

USD/CAD 15-minute chart 

Spot rate:                   1.3051
Relative change:        -0.77% 
High:                          1.3168
Low:                           1.3031

Trend:                         Bearish

Resistance 1:            1.3100-1.3120 figure and supply/demand level
Resistance 2:            1.3155 June 18 low
Resistance 3:            1.3200 figure  
Resistance 4:            1.3271 June 29 high 
Resistance 5:            1.3350 figure
Resistance 6:            1.3388, 2018 high
Resistance 7:            1.3543 June 9, 2017 swing high

Support 1:                 1.3053-1.3066 area June 5 swing high and July 9 low
Support 2:                 1.2974 May 9 high
Support 3:                 1.2900 figure