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 stalling · RSI 47 · price 1.41548
Multi-month higher highs, now ranging near top.
Multi-month uptrend off the February low near 1.3525, price holding above EMA(50) but the rally stalled at the 1.4247 June high three weeks ago. Since then price has consolidated between the 1.4130 range top and the 1.4200 consol top, and CAD firmed after a stronger jobs print dragged the pair off its highs. The current bar sits below EMA(20), losing near-term momentum inside that range.
Support: 1.4130, 1.4075, 1.3950
Resistance: 1.4200, 1.4247
What it said to watch
- Daily close below 1.4130 range top confirms a lower-low toward 1.4075 and the 50-dma near 1.3950
- Reclaim of 1.4247 jun high resumes the broader uptrend
- BoC rate decision Wed could materially shift this read
21:04 UTC
Uptrend, momentum slowing near highs · RSI 45 · price 1.41548
HH/HL chain, consolidating below June peak.
USDCAD is in a multi-month uptrend off the early-April base near 1.3550, with a strong June leg to the 1.4247 swing high; price holds above the D1 EMA(50) but has slipped under EMA(20) as the advance stalls. The last two weeks have been a tight consolidation between 1.4200 and 1.4247, and the latest sessions have drifted back toward 1.4130 after Canada's upside jobs surprise firmed CAD. Weekly cadence has shifted from trend to range at the highs.
Support: 1.4130, 1.4075, 1.3950
Resistance: 1.4200, 1.4247
What it said to watch
- Daily close below 1.4130 range low opens 1.4075 pivot then the 50-dma near 1.3950
- Reclaim of 1.4200 prior high re-engages the 1.4247 swing high
- BoC rate decision Wed Jul 15 could materially shift this read