USD/CAD Technical Analysis: Mission Accomplished for bulls as USD/CAD exceeds 1.3000 figure - More upside can be on the cards

• USD/CAD created a double bottom with the August lows, giving bulls hopes to revive the main bull trend.
• USD/CAD broke above the 50-period simple moving average and is now close to testing the 100 and 200-period simple moving average near the 1.3050 level. The RSI, MACD and Stochastics indicators are rising suggesting bullish momentum.
• After reaching 1.3000 target, bulls objective is to now reach 1.3048 August 14 low and 1.3108 (September 7 low). However deep pullbacks down are to be expected near 1.2959 (August 7 low). 

USD/CAD 4-hour chart

Spot rate:                   1.3020
Relative change:        0.50% 
High:                          1.3027
Low:                           1.2941

Main trend:                Bullish 

Resistance 1:            1.3048 August 14 low
Resistance 2:            1.3108, September 7 low
Resistance 3:            13200 figure
 
Support 1:                 1.3000 figure
Support 2:                 1.2959 August 7 low
Support 3:                 1.2885 August 28 swing low
Support 3:                 1.2855-65 June 6 low - 200-day SMA
Support 4:                 1.2800 figure