09:19 UTC
Intraday spike higher, now fading · RSI 41 · price 1.36731
Rally into 1.3710 resistance cluster, rejection underway.
USDCAD spiked from 1.3643 to 1.3710 on the US jobs report during NY hours, hitting the 1.37099 session high before sellers stepped in at the resistance cluster noted by ForexLive. Price has since retraced more than half the move, breaking back below 1.3680 and now probing the session low at 1.36699 with RSI at 41.
Support: 1.36699, 1.3654, 1.36437
Resistance: 1.36994, 1.37099
What it said to watch
- M15 close below 1.36699 session low extends the fade toward 1.36540 prior range
- Reclaim of 1.36994 pullback high re-opens the 1.37099 session high
- Range compression between 1.3670–1.3690 would signal post-spike consolidation