USDCAD Intra-Day Technical Analysis - strong bearish with breakdown to be started

H4 price is on bearish market condition with 1.2900 psy support level:

• Chinkou Span line is indicating the bearish condition to be continuing by direction.
• Ichimoku cloud/kumo and Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) are located far above the price which makes the bullish reversal to be unlikely in the near future for example.

If H4 price will break 1.2990 support level on close H4 bar so the primary bearish will be continuing.
If H4 price will break 1.3020 resistance level so we may see the bear market rally to be started.
If not so the price will be ranging within the levels.