Every read JAFX AI made on the USD/CAD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Uptrend, momentum slowing near highs · RSI 64 · price 1.41918
HH/HL chain, consolidating below 15-mo high.
Multi-week uptrend, price accelerated out of the April-May base and holding well above a rising EMD(50). The June leg stalled at 1.4247, a near 15-month high, and price has ranged 1.4169-1.4247 over the last six sessions as CAD stays pinned by weak oil and BoC-Fed divergence. The soft US June payrolls headline (57K vs 110K) left USD two-way, keeping the consolidation intact rather than extending the trend.
Support: 1.4177, 1.4169, 1.4050
Resistance: 1.4247, 1.4310
What it said to watch
- Daily close above 1.4247 opens the path toward 1.4310
- Loss of 1.4169 breaks the consolidation and exposes the 1.4050 area
- ISM Services Mon and FOMC minutes Wed could shift the USD read
21:03 UTC
Uptrend, momentum flattening near highs · RSI 67 · price 1.41918
Higher highs/higher lows, stalling below 15-mo high.
USDCAD has run a multi-month uptrend off the early-April lows near 1.3550, price holding above a rising EMU50 the whole leg, driven by BoC-Fed divergence and soft oil. The last six sessions have consolidated in a tight 1.4169-1.4248 band just under the 15-month high, with the June NFP headline miss capping the latest push. Daily RSI has cooled from stretched levels as price stalls, but structure remains a series of higher lows.
Support: 1.4169, 1.4100
Resistance: 1.4248, 1.4310
What it said to watch
- Daily close above 1.4248 opens the path toward 1.4310
- Loss of 1.4169 breaks the near-term consolidation and exposes 1.4100
- ISM Services (Mon) and FOMC minutes (Wed) could materially shift this read