USD/CAD Reached a Strong Resistance Level. What Follows Next?

USD/CAD reached the strong resistance level at 1.2950 and attempted to break above it, reaching 1.2986.

Unfortunately this breakout was false, the pair could not continue climbing and began a consolidation.

At this point you can see that a symmetrical triangle is forming on the four-hour time frame, which so far has four highs and lows, and there is also a bullish hammer candlestick and such a formation is a signal that the upward trend will continue. I expect that the pair will break above the resistance at 1.2950 and will continue climbing towards the next resistance, which is at 1.3100 and can be observed on the daily time frame.