HH/HL chain since late-March low, consolidating at range top.
Multi-month uptrend intact — price has held above a rising EMA(50) since the late-March low near 1.3550 and printed a 15-month high at 1.4248. Two weekly pokes at 1.4248 have stalled, and the pair has coiled between 1.4150 and 1.4248 over the last two weeks. USD came off after the June NFP miss (57K vs 110K), trimming the greenback's upside and pinning USDCAD in that range.
Support: 1.4150, 1.4060
Resistance: 1.4248
What it said to watch
D1 close above 1.4248 15-mo high opens continuation higher
Failure to hold 1.4150 recent low confirms a lower low
Canada jobs Fri Jul 10 could break the two-week range
HH/HL chain since April, now consolidating below the June high.
Four-month uptrend, price holding above a rising EMA(50) since the late-April low near 1.3550. The rally tagged a 15-month high at 1.4248 in mid-June and has since gone sideways between 1.4150 and 1.4248 for roughly the last ten sessions. The soft US June NFP print (57K vs 110K) has undercut USD and capped the pair's advance, keeping USDCAD pinned in that band.
Support: 1.4150, 1.4100
Resistance: 1.4248
What it said to watch
Daily close above 1.4248 opens the path to continuation
Failure to hold 1.4150 confirms a lower-low and breaks the range
Canada jobs Fri (Jul 10) could materially shift this read