Every read JAFX AI made on the USD/CAD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
11:00 UTC
Uptrend, momentum slowing · RSI 62 · price 1.39881
Higher highs, higher lows; capped under 1.40.
USDCAD has ground to fresh multi-month highs on a clean string of higher lows, with price probing the 1.40 round number where the spike to 1.40235 was sold back — a false break that has kept the pair pinned just below. The advance fits the bearish-CAD context (soft oil, hot US PPI, patient BoC), but momentum is flattening as the move stalls into the 1.40-1.41 congestion band. EMA20 and EMA50 remain rising beneath price, supporting the trend structure into the FOMC week.
Support: 1.3953, 1.39186, 1.3900
Resistance: 1.40235, 1.4000, 1.4140
What it said to watch
- H4 close above 1.40235 opens the path toward the 1.4140 target band
- Failure to hold 1.3953 swing low confirms a lower-low and pressures 1.39 weekly low
- FOMC and US Retail Sales Jun 17 could materially shift this read
10:59 UTC
Uptrend, momentum slowing · RSI 61 · price 1.39881
Higher highs and higher lows, stalling below 1.40.
Clean uptrend on H4 with higher highs and higher lows since the early-month base near 1.3865; price tagged a fresh YTD high at 1.40235 before rejecting back under the 1.4000 psych level. The advance tracks broad CAD weakness after the BoC hold at 2.25% and softer oil, while hot US PPI kept the USD bid. ATR is steady and momentum is easing as price consolidates just below the highs.
Support: 1.3953, 1.39186, 1.3900
Resistance: 1.40058, 1.40235
What it said to watch
- H4 close above 1.40235 extends the uptrend toward the 1.4140 congestion
- Loss of 1.39530 swing low breaks the rising structure
- FOMC and US Retail Sales Jun 17 could materially shift this read