USD/CAD was in a bullish breakout in June. This bull run was part of a rally since the 2018 low of 1.2255 in February, reaching a high of almost 1.34 in late June. Since then, $USDCAD has been pulling back.USD/CAD Daily Chart(click to enlarge)Pulling Back:- As price pulls back towards the 1.30 handle, we can see that USD/CAD will be testing a key support area. 1) There is a rising trendline here.2) This was a previous support/resistance pivot.3) The 100-day simple moving average (SMA) resides here.4) The RSI is right around 40, and if the market is still bullish, it should turn back up soon along with price. - Indeed, this is going to be a key support IF the market is still bullish. Target:- If price does hold above 1.30, forgiving brief violations, there is upside towards the next resistance pivots around 1.38 in 2019. - A break below 1.30 does not necessarily kill the bullish outlook, but the next and last line of defense for the bullish outlook would be around 1.28. - Below 1.28, USD/CAD would be opening up the 1.25 pivot. - A more aggressive bearish outlook would have the 1.20 pivot in sight. USD/CAD Weekly Chart(click to enlarge)