Every read JAFX AI made on the USD/CAD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:03 UTC
Recovering off base, upside momentum · RSI 62 · price 1.41651
Higher lows from Jan-2026 low, upper half of range.
Recovering after the Feb-2025-to-Jan-2026 decline from 1.4793 to a 1.3481 base low; price has rallied back near 1.42 and sits in the upper half of the multi-quarter range. Above a rising EMA(50), the macro structure has turned constructive off the double-bottom base near 1.35. The 2026 high at 1.4248 now caps the advance.
Support: 1.4000, 1.3820, 1.3481
Resistance: 1.4248, 1.4500
What it said to watch
- Weekly close above 1.4248 opens the path toward the 1.4500 round number
- Failure to hold the 1.4000 psych level reopens the 1.3820 swing low
- Canada CPI (Mon) is the next domestic catalyst that could shift this read
19:03 UTC
Recovery uptrend within broad range · RSI 62 · price 1.41651
Higher lows off 1.35 base, testing range top.
Price based twice near 1.35 through mid-2025 and again in early 2026, forming a double bottom, and has since cleared the 1.4000 psych level to trade in the upper half of the broader range. Weekly EMA(50) is rising and price holds above it — macro structure has turned constructive, with 1.4248 the recent high now being tested. The advance is retracing roughly half of the Feb-2025-to-Jan-2026 decline.
Support: 1.4000, 1.3481
Resistance: 1.4248, 1.4793
What it said to watch
- Weekly close above 1.4248 recent high opens path toward the 1.4793 prior high
- Loss of the 1.4000 psych level returns price into the 1.35-1.40 range
- Canada CPI (Jul 20) is the next domestic catalyst and could shift this read