USD/CAD Technical Analysis: on track to retest rising wedge resistance

   •  The pair built on this week's sharp rebound from an important confluence support, comprising of 50-day SMA and an ascending trend-line.
   •  A follow-through up-move back above the key 1.30 psychological mark suggests an extension of the up-move towards another ascending trend-line resistance, forming a part of a rising wedge pattern on daily charts.
   •  Short-term technical indicators hold in positive territory and remain supportive of the bullish expectations.

USD/CAD daily chart

Spot Rate:  1.3024
Daily Low: 1.2969
Trend: Bullish

Resistance
R1:  1.3067 (2-1/2 month tops set on Tuesday)
R2:  1.3100 (round figure mark)
R3:  1.3125 (March 19 swing high)

Support
S1:  1.3000 (psychological round figure mark)
S2:  1.2969 (daily low)
S3:  1.2936 (S1 daily pivot-point)