USD/CAD Technical Analysis: Rising channel hits 1.3100 - Next target is 1.3155 level

• USD/CAD is trying to revive the main bull trend as this Thursday is set to be the best daily advance since August 10. 
• USD/CAD is trading in a bull channel with rising and widening simple moving averages. Suggesting bullish momentum. USD/CAD reached the first target at 1.3100, the next target is in the 1.3120-1.3155 zone which acted as a strong resistance level in the past weeks. Since USD/CAD just hit 1.3100 figure and it has exceeded its average daily range, it is reasonable to expect some consolidation before the next leg up.
• A bear breakout below 1.3022 would invalidate the bullish bias.

USD/CAD 15-minute chart 

Spot rate:                   1.3087
Relative change:        0.69% 
High:                          1.3001
Low:                           1.2989

Trend:                         Bullish 

Resistance 1:            1.3100 figure 
Resistance 2:            1.3120-1.3155 zone, supply/demand level and June 18 low
Resistance 3:            1.3172 August 13 swing high 

Support 1:                 1.3048-1.3066 area, August 14 low and July 9 low
Support 2:                 1.3022 July 25 low
Support 3:                 1.3000 figure