USD/CAD Technical Analysis: likely to aim towards testing rising wedge resistance

   •  Bulls build on the positive momentum further beyond the key 1.30 psychological mark, reinforcing last week's rebound from a short-term ascending trend-line support.
   •  A follow-through up-move has the potential to continue lifting the pair further towards another ascending trend-line resistance, forming a part of a rising wedge pattern on daily charts.
   •  Short-term technical indicators hold in bullish territory and remain supportive, albeit repositioning trade ahead of today's highly anticipated FOMC decision could negate 
bullish expectations.

USD/CAD daily chart

Spot Rate:  1.3036
Daily Low: 1.3011
Trend: Bullish

Resistance
R1:  1.3067 (2-1/2 month tops set last Tuesday)
R2:  1.3085 (ascending trend-line)
R3:  1.3125 (March 19 swing high)

Support
S1:  1.3000 (psychological round figure mark)
S2:  1.2984 (100-period SMA H1)
S3:  1.2955 (Monday's weekly low)
 

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