This is a follow up on the previous USD/CAD update, which respected the support pivot at 1.29 within a short-term consolidation mode for the past week. USD/CAD Triangle Cracking; Upside Risk to 1.33, 1.34. However, the bullish push did not occur, and price continued lower pushing at the 1.29 support. USD/CAD 6/30 1H Chart(click to enlarge)Respecting 1.29: When we look at the 1H chart, we can see that price is indeed consolidating between roughly 1.29 and 1.3120. Before that the marked looked choppy but slightly bullish. These are the reasons I respect 1.29 for an intra-session support. The market is also showing signs that it might pivot up from 1.29. 1) Respect of the 200-hour simple moving average (SMA) keeps USD/CAD's slight bullish bias. 2) The RSI came back to 30, which showed lack of bullish momentum. However, there is a bullish divergence that just formed between price and the RSI. 3) As we get ready for the 6/30 session, price bounced off 1.2915 and showed a bullish engulfing candle. This is simply a sign that there is an intra-session pivot here. Let's see how far bulls can take USD/CAD now.Upside: The first obvious resistance will be at the 1.30 level. Expect some selling, but if the selling keeps USD/CAD above 1.2935, we should see bulls take over going into the Friday 6/31 session. In this scenario, we are looking for a push towards the 1.31-1.3120 highs, and a possible extension towards 1.33, 1.34 as noted in the previous update.