21:01 UTC
Downtrend, basing attempt · RSI 49 · price 1.36731
Lower highs from 1.3966, holding 1.3550 floor.
Price has carved a sequence of lower highs since the 1.3966 peak in mid-March, but the 1.3550 range floor has held twice, forming a double bottom shape on the daily. Last eight sessions show consolidation between 1.3580 and 1.3710, with price reclaiming EMA20 but still capped by the falling EMA50 around 1.3750. RSI sits mid-range at 49, reflecting the indecision rather than directional conviction.
Support: 1.3550, 1.3488
Resistance: 1.3741, 1.3966
What it said to watch
- Daily close above 1.3741 swing high would break the lower-high sequence
- Loss of 1.3550 range floor confirms continuation of the broader downtrend
- Iran-US negotiation headlines remain a risk-sentiment swing factor for CAD