21:01 UTC
Uptrend, pullback recovering · RSI 58 · price 1.38371
Higher highs and higher lows since early-window low at 1.3577.
Sequence of higher highs and higher lows intact since the 1.3577 base, with last week's flush to 1.37699 holding as a higher low and price now retesting the 1.38489 session high. EMAs aligned bullishly and RSI mid-50s leaves room before stretched conditions. Middle East risk-on/off swings, flagged in today's CAD weakness commentary, remain the main external driver.
Support: 1.37911, 1.37699, 1.3705
Resistance: 1.38489, 1.38695, 1.38236
What it said to watch
- H4 close above 1.38695 swing high extends the trend leg
- Loss of 1.37911 swing low breaks the higher-low sequence
- Renewed Middle East de-escalation headlines could pressure USD broadly