USD/CAD AI Live Scan, 1-hour chart, Monday, 20 July 2026
Every read JAFX AI made on the USD/CAD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Recovery off weekly lows, momentum up · RSI 68 · price 1.40779
Double-bottom base near 1.4000, higher lows since.
USDCAD spent most of the week grinding lower to a 1.4000 base as an oil-driven CAD bid capped the pair, then reversed hard through the latest NY session to a 1.40850 session high. The double bottom near 1.40036 broke out and price now sits above both EMAs with RSI(14) around 68. Prior resistance at 1.40650 has flipped to near-term support.
Support: 1.4065, 1.4000
Resistance: 1.4085
What it said to watch
H1 close back below 1.40650 questions the recovery and re-exposes the 1.4000 pivot
A close above 1.40850 extends the breakout toward 1.4130
Canada Retail Sales Thu and oil headlines remain the primary swing factor for CAD
23:02 UTC
Uptrend, recovering off lows · RSI 68 · price 1.40779
Higher lows off double bottom, testing week high.
USDCAD carved a double bottom near 1.4003 mid-week and has rallied through prior consolidation, now testing the session high at 1.4085 with price holding above EMA20 and EMA50. RSI(14) sits near 68, elevated but not yet stretched, as the recovery leans on a softening oil bid rather than domestic data. The pair remains pinned above the 1.4000 pivot after Canada's soft June CPI print failed to break lower.
Support: 1.4000, 1.40028, 1.4056
Resistance: 1.4085, 1.4130
What it said to watch
Hourly close below 1.4000 pivot would negate the double-bottom recovery
Canada Retail Sales Thu 12:30 UTC could reset the CAD read
Oil headlines remain the dominant CAD driver into next bars
Break above 1.4085 session high opens the path toward 1.4130
22:02 UTC
Uptrend, momentum strong · RSI 72 · price 1.40812
Recovery off monthly low, higher lows.
USDCAD spent the week pinned near the 1.4000 psychological/monthly-low pivot as oil-led CAD strength dominated, but the pair has since rebounded steadily through the NY session, clearing prior resistance around 1.4077 to print a session high at 1.40826. Higher lows have built since the 1.40028 base with RSI(14) now stretched near 72; price sits well above EMA20 and EMA50. The digest's rebound scenario off 1.4000 toward the 1.4130 pivot is playing out.
Support: 1.40504, 1.4004, 1.4000
Resistance: 1.40826, 1.4113
What it said to watch
Sustained hold above 1.40826 opens the path toward the 1.41130 pivot
Loss of the 1.40504 higher low would question the recovery structure
1.40000 psych remains the line for the broader oil-led CAD theme
Canada Retail Sales (Thu) is the next CAD catalyst
22:02 UTC
Uptrend, momentum building · RSI 70 · price 1.40812
Double bottom, higher highs off 1.4004.
USDCAD opened this week near 1.4007 and has climbed steadily, with a double bottom at 1.4004 holding twice before the NY-session leg lifted price to a session high of 1.40836. Rising crude had pinned the pair around 1.4000 last week, but the recovery through the psych level and prior 1.4057 high has flipped short-term structure higher, price now sitting well above EMA(20) and EMA(50). RSI(14) near 70 reflects the extended push into fresh weekly highs.
Support: 1.4057, 1.4007, 1.4000
Resistance: 1.40836, 1.4113, 1.4130
What it said to watch
H1 close above 1.40836 opens the path to the 1.4113 pivot
Loss of 1.4057 prior high would question the breakout and expose the weekly open at 1.4007
Canada Retail Sales Thu 12:30 UTC and US PMIs Fri could shift this read
21:03 UTC
Recovery off weekly low, momentum building · RSI 67 · price 1.40697
Double bottom near 1.4003, higher highs since.
USDCAD carved a double bottom near 1.4003 early this week after the soft Canada CPI print was largely absorbed, then climbed steadily through the NY session to 1.40717. Price holds above EMA20 and EMA50 with RSI(14) around 67, and the week's higher-low structure remains intact. The 1.40769 prior high is the immediate cap after the rally.
Support: 1.4045, 1.4018, 1.40028
Resistance: 1.40717, 1.40769
What it said to watch
H1 close above 1.40769 opens the path toward the low-1.41s
Failure to hold 1.40450 threatens the week's higher-low structure
Canada Retail Sales Thu 12:30 UTC could reshape this read
USDCAD carved a rounded bottom near 1.40028 and has climbed through the week, printing a fresh session high at 1.40717 into the NY session with RSI(14) pushing near 68. The bounce reversed the oil-driven CAD strength that had pinned the pair at the monthly low around 1.4000 after Canada's soft June CPI. Price now sits above EMA20 and EMA50, with the 1.40769 prior-week high the next hurdle overhead.
Support: 1.4039, 1.40065, 1.40028
Resistance: 1.40717, 1.40769, 1.4100
What it said to watch
Sustained trade above 1.40769 opens the path toward the 1.41000 round level
Loss of the 1.40390 higher low would break the rising sequence off the week low
Canada Retail Sales Thu 12:30 UTC is the next domestic catalyst for this read
20:02 UTC
Recovery off the base, momentum building · RSI 64 · price 1.40631
Week-long grind lower into 1.4000, now retracing higher.
USDCAD spent most of the week grinding lower on the oil-driven CAD bid, basing twice around 1.4004–1.4008 before the prior NY session drove a clean rebound back toward 1.4065. Price now trades above both EMA(20) and EMA(50) with RSI(14) cycling into the low-60s, having retraced roughly 80% of the week's decline from 1.40769. The 1.4000 psychological pivot held on repeated tests and remains the structural floor.
Support: 1.4035, 1.40036, 1.4000
Resistance: 1.40714, 1.40769
What it said to watch
Sustained trade above 1.40714 week high opens the path back toward 1.40769
Failure to hold above the 1.4000 psych level reopens the week low at 1.40036
Canada Retail Sales Thu 23 Jul could shift the CAD read
20:02 UTC
Recovery off lows, momentum building · RSI 63 · price 1.40631
Double bottom near 1.4000, rally into prior-week range.
USDCAD carved a double bottom around 1.4000 psych after two weeks of oil-driven CAD strength, then rallied through the NY session to a session high of 1.40657. Price sits above EMA20 and EMA50 with RSI(14) cycling higher near 63; the week high at 1.40769 is the next cap. The soft Canadian CPI miss earlier did little incremental damage as the reaction is energy-led and the BoC pause is already priced.
Support: 1.4050, 1.40028, 1.4000
Resistance: 1.40657, 1.40769
What it said to watch
Hourly close above 1.40769 week high extends the recovery toward the prior-week range top
Failure to hold 1.40500 swing low reopens the 1.4000 psych zone
Canada Retail Sales Thu 12:30 UTC could shift this read
19:02 UTC
Recovery off weekly low, momentum up · RSI 62 · price 1.40568
Higher lows since the gap, back above EMAs.
USD/CAD sold off through early week to a 1.4003 weekly low, then recovered across the weekend gap and now trades back above EMA(20) into the NY session as CAD's oil-driven bid eased. Higher lows since the gap and RSI(14) near 62 mark the momentum shift, though 1.4066 — this week's recovery high — capped the latest push. A pullback low near 1.4048 is the first support on the way back up.
Support: 1.4048, 1.4003
Resistance: 1.4066, 1.4077
What it said to watch
H1 close below 1.4048 breaks the higher-low sequence off the weekly low
Reclaim of 1.4066 opens the path toward the 1.4077 prior high
Oil/Gulf headlines are CAD's primary driver and could shift this read
19:02 UTC
Recovery off lows, momentum up · RSI 63 · price 1.40568
Higher lows since Sunday open, testing swing high.
USDCAD carved a double bottom near the 1.4000 psych pivot after last week's oil-led selloff, then climbed steadily through the NY session from the Sunday open around 1.4006 with RSI cycling higher. Price now sits above both EMA20 and EMA50, but the 1.40657 swing high has capped the latest push. The soft Canadian CPI miss did little incremental damage as the CAD story remains driven by crude.
Support: 1.4000, 1.40028, 1.4039
Resistance: 1.40657, 1.40769
What it said to watch
H1 close above 1.40657 swing high opens path toward the 1.40769 weekly high
Loss of the 1.4000 psych pivot reopens the weekly low
Canada Retail Sales Thu could shift this read
18:03 UTC
Downtrend this week, bouncing · RSI 63 · price 1.40557
Recovery off week low, higher lows.
USDCAD carved a base around 1.4003 through Monday's session after oil-led CAD strength drove the week's decline, then rallied through the NY session to reclaim 1.4050+. Price sits back above EMA20 and EMA50 with RSI(14) mid-60s; the session high at 1.40657 caps the recovery. Note the weekend gap down from Friday's 1.4017 close into Monday's 1.4009 open.
Support: 1.4030, 1.4003
Resistance: 1.40657, 1.40769
What it said to watch
H1 close above 1.40657 opens the path back toward the 1.40769 week high
Failure to hold 1.40300 re-exposes the 1.40030 week low
Canada Retail Sales Thu could shift the CAD read
18:02 UTC
Bouncing off week lows, momentum building · RSI 63 · price 1.40557
Higher lows since gap, testing week high.
USDCAD carved a double bottom near 1.4004 either side of the weekend gap and has rallied steadily through the NY session, now pressing the week high at 1.4066. Price holds above EMA20 and EMA50 with RSI(14) cycling into the low-60s, reflecting the oil-led CAD strength earlier this week fading as the dollar keeps a firm bid. The 1.4000 psychological pivot capped downside; recovery structure intact while higher lows hold.
Support: 1.4030, 1.4004, 1.4000
Resistance: 1.4066, 1.4077
What it said to watch
Hourly close above 1.4066 week high opens the path to 1.4077 prior high
Failure to hold 1.4030 EMA20 threatens the higher-low sequence
Loss of 1.4004 week low re-exposes the 1.4000 psych pivot
Canada Retail Sales Thu 12:30 UTC could shift the CAD read
17:03 UTC
Recovering off weekly low, near-term up · RSI 62 · price 1.4056
Based near 1.4000, rebound into resistance.
USDCAD carved a base near 1.4003 (weekly low / round number) through the Asia and London sessions after soft Canadian CPI and oil-led CAD strength dragged the pair lower earlier in the week. Price then rallied through the NY session to a 1.4066 session high and is now consolidating around 1.4056, back above EMA20 and EMA50 with RSI in the low 60s. The 1.4066 session high has capped the current push.
Support: 1.4040, 1.4003
Resistance: 1.4066, 1.4077
What it said to watch
H1 close above 1.4066 opens the path back to 1.4077 prior high
Failure to hold 1.4040 pullback low reopens the 1.4003 weekly low
US S&P Global PMIs Fri could materially shift this read
17:03 UTC
Recovering off week low, momentum up · RSI 63 · price 1.4056
Higher lows since basing at 1.4000.
USDCAD spent Mon-Wed grinding into a 1.4000 psych floor, with the week low at 1.4003 holding on repeated tests before buyers stepped in through the NY session and drove price ~65 pips to 1.4066. The recovery reclaimed EMA20 and EMA50, with RSI(14) pushing into the low-60s. Context stays CAD-firm on the oil rally and soft June CPI, so this bounce is unwinding a stretched move rather than reversing the weekly down-leg.
Support: 1.4035, 1.4003, 1.4000
Resistance: 1.4066, 1.4077
What it said to watch
Hold above 1.4035 EMA20 keeps the recovery structure intact
Close back below 1.4003/1.4000 reopens the week low
Break above 1.4066 session high exposes 1.4077 week high
Canada Retail Sales Thu and US PMIs Fri are the week's catalysts
USDCAD sold off through the week toward the 1.4000 psych level as an oil-led CAD bid and soft Canadian CPI weighed, bottoming twice near 1.40028 either side of the weekend gap. Since Monday's open the pair has recovered, reclaiming EMA(20) and EMA(50) and pushing into the 1.40657 session high in the NY session, with RSI(14) lifting back above 60. The double-bottom base held, but the 1.40769 week high still caps the corrective move.
Support: 1.4039, 1.40028, 1.4000
Resistance: 1.40657, 1.40769
What it said to watch
H1 close above 1.40657 opens the path toward the 1.40769 week high
Failure to hold 1.40390 rising-lows support risks a retest of the 1.40028 weekly low
Canada Retail Sales Thu and S&P Global PMIs Fri could materially shift this read
Oil-led CAD strength dragged USDCAD down to the 1.4000 psych level earlier in the week, where a double bottom near 1.40028 held twice. The pair has since recovered through the NY session, breaking back above EMA20 and EMA50 with RSI(14) pushing into the mid-60s. Price now presses the 1.40657 session high after the softer June Canadian CPI failed to force fresh downside.
Support: 1.4026, 1.40028, 1.4000
Resistance: 1.40657, 1.40769
What it said to watch
Close above 1.40657 opens the path to the 1.40769 week high
Sustained move back below 1.4000 psych re-exposes the weekly low
Canada Retail Sales Thu 12:30 UTC could shift the read
USD/CAD slid from Monday's 1.40769 to a base near the 1.4000 psych handle before rebounding through the latest NY session, now at 1.40563 back above both EMAs. The pair carved twin lows near 1.4000 and has retraced most of the week's decline as an oil-led CAD bid faded into the bounce. Session high at 1.40582 is the immediate cap.
Support: 1.4018, 1.4000, 1.40036
Resistance: 1.40582, 1.4065, 1.40769
What it said to watch
Sustained hold below 1.4000 psych would reopen the week low at 1.40036
H1 close above 1.40582 session high exposes 1.40650 and the 1.40769 week high
Canada Retail Sales Thu 12:30 UTC could shift this read
USD/CAD held the 1.4000 psych level twice this week — after Friday's soft-open gap and again at Monday's 1.40028 low — before rallying through the NY session to test the 1.40582 session high. Price now trades above both EMA20 and EMA50 with RSI(14) near 65 after the recovery leg. The broader weekly tone stays soft on oil-led CAD strength, framing this as a corrective bounce back into the week's declining range.
Support: 1.4039, 1.4003, 1.4000
Resistance: 1.40582, 1.40726
What it said to watch
H1 close back below 1.4000 reopens the weekly-low test
Rejection at 1.40582 caps the NY bounce; a close above opens 1.40726
Canada Retail Sales Thu 12:30 UTC could shift the CAD read
USDCAD spent the week grinding lower from 1.4076 toward the 1.4000 psychological pivot as an oil-driven CAD bid and a soft June CPI kept the Loonie firm near one-month highs. The weekly low at 1.4000 has held twice, and price has since reclaimed EMA20 and EMA50 on a bounce into the NY session, tagging 1.4052 before easing back. RSI(14) has cycled up to the high-50s off the lows, matching the corrective tone.
Support: 1.4000, 1.3970
Resistance: 1.4052, 1.4076
What it said to watch
H1 close below 1.4000 confirms a lower-low toward the 1.3970 50-dma cluster
Reclaim of 1.4076 prior high negates the week's downtrend
USDCAD trended lower through the week to a one-month low near 1.4004 as the oil rally underpinned CAD and soft June CPI (2.8% vs 2.9%) kept the BoC pause priced. A recovery off the lows through the NY session has lifted price back above EMA20 and EMA50 with RSI cycling up toward 62. The 1.4052 session high has capped the bounce, while 1.4004 remains the pivot below.
Support: 1.4004, 1.4000
Resistance: 1.4052, 1.4077
What it said to watch
H1 close above 1.4052 opens the path toward the 1.4077 week high
Failure to hold 1.4004 week low confirms a fresh lower-low
Canada Retail Sales Thu and US PMIs Fri could shift this read
USDCAD spent the week grinding lower from the 1.40769 week high, basing twice at the 1.4000 round number before a firm recovery into today's NY session that reclaimed EMA20 and EMA50. The leg up coincides with Canada CPI (12:30 UTC); price is pressing the 1.40517 session high after carving higher lows off the base. RSI(14) has cycled back near 61 to confirm the rebound momentum.
Support: 1.40036, 1.40182
Resistance: 1.40517, 1.40769
What it said to watch
Loss of 1.40036 round number reopens the week-low base and lower-low structure
H1 close above 1.40517 session high exposes the 1.40769 week high
CAD CPI reaction still developing — could extend or unwind this bounce
USDCAD sold off through the week toward the 1.4000 round number, printing a week low at 1.40028 before a weekend gap kept price pinned to the lows. Buyers stepped in on the retest of 1.4000 and price has retraced toward the 61.8% of the down move, tagging the session high at 1.40517 into the NY session with RSI(14) recovered near 63. The rebound coincides with Canada CPI at 12:30 GMT, the immediate swing factor cited in the CAD read.
Support: 1.40028, 1.4000
Resistance: 1.40517, 1.4065
What it said to watch
H1 close above 1.40517 session high opens the path toward the 1.40650 prior high
Failure to hold the 1.4000 round number / 1.40028 week low exposes 1.3970
Canada CPI at 12:30 GMT could materially reset this read
12:02 UTC
Downtrend, bounce off pivot · RSI 53 · price 1.40339
Lower highs into 1.4000, holding above week low.
USD/CAD ground lower all week from the 1.40769 week high toward the 1.4000 psych pivot, tracking a soft-USD tone after last week's cool CPI and firm oil supporting CAD. Price found demand twice around 1.40028 — a shallow double bottom — and has recovered through EMA20/EMA50 into the London-NY window, RSI back near 53 after basing in the low 40s. The 1.4050 prior-high shelf caps the immediate recovery.
Support: 1.4000, 1.40028
Resistance: 1.4050, 1.40769
What it said to watch
Canada CPI at 12:30 UTC could materially shift this read
H1 close below 1.4000 psych pivot confirms a lower-low toward the week low
Reclaim of 1.4050 prior high would neutralise the descending lower-highs
12:02 UTC
Downtrend, recovering off 1.4000 base · RSI 57 · price 1.40339
Lower highs into 1.4000 pivot, basing this session.
USDCAD trended lower through the week from Monday's 1.4074 open toward the 1.4000 psychological pivot, where demand stepped in twice to build a base near 1.4003. This session has recovered back above EMA(20) to 1.4034 with RSI(14) lifting through 55, though price still sits inside the week's descending lower-high sequence. Oil strength and priced-out BoC hikes are the CAD backdrop; Canada CPI is the immediate catalyst.
Support: 1.4003, 1.4015
Resistance: 1.4037, 1.4050
What it said to watch
Break below 1.4000 confirms continuation of the week's down move
Close above 1.4050 breaks the lower-high sequence
Canada CPI 12:30 UTC could materially shift this read
USDCAD has ground lower all week from the 1.4114 open toward the 1.4000 psych pivot, with oil strength and priced-out BoC hikes keeping the loonie firm. Price bottomed twice around 1.4003 and has since reclaimed the EMA20, but the 1.4035 swing high and EMA50 still cap the recovery. RSI(14) is recovering off its lows near 47 as the descending sequence of lower highs stays intact.
Support: 1.4000, 1.4003
Resistance: 1.4035, 1.4076
What it said to watch
Canada CPI at 12:30 UTC is the nearest catalyst and can break the 1.4000 base either way
H1 close below 1.4000 confirms continuation of the downtrend toward fresh lows
Reclaim of 1.4035 swing high / EMA50 would neutralise the lower-highs structure
11:02 UTC
Downtrend, bouncing off 1.4000 · RSI 54 · price 1.40248
Lower highs into 1.4000, demand holding.
USDCAD ground lower all week from Monday's 1.4114 open toward the 1.4000 psych pivot, pressured by the ~12% oil rally supporting CAD and softer US CPI capping the dollar. The week low near 1.4003 held on repeated tests and price has since bounced to the 1.40346 day high, reclaiming EMA20. Series of lower highs into 1.4076 still frames the broader descending structure.
Support: 1.4000, 1.4003
Resistance: 1.40346, 1.4050, 1.4076
What it said to watch
Canada CPI at 12:30 UTC could materially shift this read
H1 close above 1.40346 opens the path to 1.4050
Failure to hold 1.4000 confirms a lower low
10:02 UTC
Downtrend, bounce off lows · RSI 56 · price 1.40296
Week-long decline into 1.4000, double bottom forming.
USDCAD ground lower all week from 1.4115 to the 1.4000 pivot, with CAD riding oil strength and priced-out BoC hikes. A double bottom near the 1.40036 week low held twice, and Monday's session has bounced back through EMA20 toward the 1.4050 pivot as RSI(14) recovers off oversold. The move remains a countertrend bounce inside the broader descending structure until 1.4050 gives way.
Support: 1.40036, 1.4000
Resistance: 1.4050, 1.40769
What it said to watch
Hourly close back below 1.4000 confirms a lower low and negates the double bottom
Reclaim of the 1.4050 pivot opens the path toward the 1.40769 lower high
Canada CPI is the key CAD catalyst that could shift this read
USDCAD has been grinding lower all week off Monday's 1.4115 high, driven by oil-supported CAD and a soft USD, and stalled into the 1.4000 psych area where demand has held twice. Price is now creeping back above EMA(20) toward the 1.40257 session high after basing above 1.40028. Canada CPI at 12:30 UTC is the immediate catalyst.
Support: 1.40028, 1.4000
Resistance: 1.40257, 1.40501, 1.40769
What it said to watch
Canada CPI at 12:30 UTC — hot core could press through 1.4000
H1 close below 1.40028 confirms a lower-low
Reclaim of 1.40501 lower high would break the descending sequence
USDCAD has trended lower all week off Monday's 1.4115 high, printing successive lower highs into fresh lows near the 1.4000 psych level as firmer crude and pared CAD shorts weighed. Buyers stepped in twice around 1.4003-1.4005, and the pair has bounced back above EMA(20) into the early session with RSI(14) recovering to ~51 from the mid-30s. The 1.4000 floor has held so far, but price remains capped below the descending lower-highs line.
Support: 1.40028, 1.4000
Resistance: 1.40376, 1.40501
What it said to watch
Canada CPI at 12:30 UTC is the session's key catalyst and could shift this read
H1 close below 1.4000 confirms a fresh lower low
Reclaim of 1.40376 would challenge the week's lower-high sequence
USD/CAD has ground lower all week off the 1.4115 high, pressed into the 1.40 psychological handle where crude's ~12% surge keeps the Loonie firm. Price is basing just above the 1.40028 week low with RSI(14) flattening in the 40s, holding below EMA20 and EMA50. The pair opened the new week near 1.4007 and has yet to reclaim EMA structure.
Support: 1.40028, 1.4000, 1.3981
Resistance: 1.40231, 1.4030, 1.4051
What it said to watch
Canada CPI at 12:30 UTC is the near-term catalyst
Close below 1.4000 opens the path toward the 1.3981 fib area
Reclaim of 1.40300 (ema50) would neutralise the lower-highs read
08:02 UTC
Downtrend, momentum easing near support · RSI 45 · price 1.40126
Lower highs, consolidating above 1.40.
USDCAD has trended lower all week from Monday's open near 1.4092 to one-month lows around 1.4000, with oil's ~12% surge underpinning the Loonie. Price sits below EMA20 and EMA50 and has been consolidating in the low-1.40s after a small weekend gap down; RSI(14) is cycling in the low-40s without confirming fresh lows. The 1.40 psychological handle is the pivot buyers have defended into this week's close.
Support: 1.4003, 1.4000
Resistance: 1.4023, 1.4092
What it said to watch
Canada CPI at 12:30 UTC today is the near-term catalyst and can break this consolidation either way
A sustained break below 1.4000 exposes the weekly low and opens 1.3981
Hourly close back above 1.4023 session high would ease the downside pressure
Lower highs into one-month low, now consolidating.
USDCAD has ground lower all week from the 1.4115 area, driven by crude's surge and a neutral BoC, with the pair pinned near the one-month low around 1.4000. Monday's session opened on a weekend gap below Friday's close and has since consolidated in a tight 1.4004-1.4023 band, holding under both EMA(20) and EMA(50). RSI(14) sits in the low-40s, flat rather than deeply oversold, reflecting stalled downside near the psych level.
Support: 1.40036, 1.4000, 1.3981
Resistance: 1.40231, 1.4054, 1.41154
What it said to watch
Sustained break below 1.4000 psych opens the path to the 1.3981 38.2% fib
H1 close back above 1.40231 day high would ease the downside pressure
Canada CPI (12:30 GMT) could materially shift this read
USDCAD has ground lower through the week, printing a fresh one-month low near 1.4004 as surging oil keeps CAD bid. Price sits below EMA20 and EMA50, with Monday's session coiling tightly in the low-1.40s just above the 1.4000 psych level. Canada CPI at 12:30 GMT is the near-term catalyst.
Support: 1.40036, 1.4000
Resistance: 1.40192, 1.40376
What it said to watch
Sustained H1 close below 1.4000 extends the one-month low
Canada CPI at 12:30 GMT could materially shift this read
H1 close above 1.40192 breaks the descending lower-highs
USDCAD has ground lower all week, from 1.4134 down to a fresh one-month low at 1.40036, driven by the ~12% oil surge underpinning CAD rather than domestic data. Price now sits below EMA20 (~1.4020) and is coiling in a tight range just above the 1.4000 psych level after a modest weekend gap down. RSI(14) near 41 reflects fading downside momentum as the market treads water into Canada CPI.
Support: 1.40036, 1.4000, 1.3981
Resistance: 1.4020, 1.4050, 1.4077
What it said to watch
Canada CPI at 12:30 GMT could materially shift this read
USDCAD has ground lower all week, sliding from 1.4134 to a one-month low near 1.4000 as the ~12% crude rally has been the dominant CAD tailwind. Price is basing in a tight 1.4004–1.4023 band through the Asia session with RSI(14) mid-40s and holding below EMA20/EMA50. The 1.4000 psych level is the pivot the week's decline has stalled on.
Support: 1.40036, 1.4000
Resistance: 1.40231, 1.4053, 1.40769
What it said to watch
Canada CPI today 12:30 GMT is the near-term catalyst and could break this base
Sustained break below 1.4000 opens the path toward the 1.3981 area
H1 close back above 1.40231 session high challenges the lower-high sequence
Lower highs into one-month low, basing near 1.4000.
USDCAD has trended lower all week from Monday's 1.4132 open to a one-month low at 1.4004, driven by the ~12% oil surge underpinning CAD rather than domestic data. Price is now basing in a tight band just above the 1.4000 psych level after a small weekend gap lower, with RSI(14) flattening near 39 as downside momentum eases. Both EMAs remain overhead, keeping the weekly bias structurally offered.
Support: 1.4000, 1.40036, 1.3981
Resistance: 1.40231, 1.40508, 1.4132
What it said to watch
H1 close below 1.4000 psych opens the path to the 1.3981 38.2% fib
Reclaim of 1.40231 session high needed to challenge the descending lower highs
Canada CPI (12:30 GMT) is the near-term catalyst that could shift this read
Lower highs and lower lows, consolidating above 1.4000.
USDCAD has ground lower since Monday's open near 1.4135, pressured by the oil-led CAD bid, and now sits pinned to the 1.4000 psych level and one-month low. A small weekend gap opened at 1.40065 and price has drifted to session lows around 1.40047, holding below EMA20/EMA50 with RSI(14) cycling in the high 30s. The 1.4023 area capped the Asia bounce, keeping the sequence of lower highs intact.
Support: 1.4000, 1.3981
Resistance: 1.4023, 1.4032, 1.4051
What it said to watch
H1 close below 1.4000 opens the path toward the 1.3981 fib support
Reclaim of 1.4023 needed to challenge the EMA20 and stall the downtrend
Canada CPI is the near-term catalyst that could materially shift this read
USDCAD has ground lower all week and now sits pinned at the one-month low near 1.4000, with the move driven by oil-led CAD strength and a stalled USD rather than data. Monday's open gapped slightly lower and price has drifted to 1.4005 on thinning Asian-session ranges, holding below EMA20 and EMA50. Resistance at 1.4023 capped Monday's early bounce and the lower-high sequence off 1.4135 stays intact.
Support: 1.4005, 1.4000, 1.3981
Resistance: 1.4023, 1.4050, 1.4077
What it said to watch
A break of 1.4000 opens the path toward the 1.3981 fib support
H1 close above 1.4050 breaks the lower-high sequence
Canada CPI (today 12:30 GMT) could materially shift this read
USDCAD has ground lower since Monday's open, pinned at a one-month low near 1.4000 as the ~12% weekly oil surge and a neutral BoC underpin CAD. Price sits below EMA20 and EMA50 with RSI(14) sub-40, and the last two sessions have flattened into a tight consolidation just above the 1.4000 psych level. Session high at 1.40231 has capped the bounce; the 38.2% fib at 1.3981 marks the next downside reference.
Support: 1.4000, 1.40047, 1.3981
Resistance: 1.40231, 1.4025, 1.4049
What it said to watch
Canada CPI today 12:30 GMT is the near-term catalyst that could shift this read
H1 close below 1.4000 psych opens the path to the 38.2% fib at 1.3981
Reclaim of 1.40231 session high and EMA20 would ease downside pressure
USDCAD has ground lower all week under a run of lower highs, the Loonie underpinned by the ~12% oil surge and Canada CPI keeping BoC cut bets alive. Price gapped lower into the new week and is now probing a double bottom around 1.4005, matching the weekly low set earlier. Both EMA(20) and EMA(50) sit above spot and RSI hovers in the low 40s.
Downtrend intact since last week's open — USD/CAD ground from 1.4135 down to the 1.40 handle as a ~12% oil surge underpinned CAD. Price is now consolidating just above the 1.4005 weekly low with RSI subdued in the low-40s and the descending lower-highs still capping. A small weekend gap lower opened this week near 1.4007, keeping supply in control below EMA20.
Support: 1.4005, 1.4000
Resistance: 1.4023, 1.4041, 1.4051
What it said to watch
H1 close above 1.4023 session high would question the downtrend read
Break below 1.4000 psych opens further downside toward the 1.398 area
Canada CPI today 12:30 UTC could materially shift this read
USDCAD has ground lower all week, with the dominant leg unfolding from the 1.4135 high down through 1.40, driven by a ~12% surge in crude supporting the Loonie. Price is now pinned just above the 1.40052 one-month low, below EMA20 and EMA50, with RSI(14) sub-45 and no sign of a recovery cycle. A small weekend gap lower into the current session extends the drift.
Support: 1.40052, 1.4000, 1.3981
Resistance: 1.4023, 1.4050
What it said to watch
Canada CPI Mon 12:30 UTC could materially shift this read
Hourly close below 1.40 opens the path toward 1.3981 fib 38.2
Reclaim above 1.4025 area needed to challenge the lower-highs sequence
USDCAD has trended lower since Monday under a chain of lower highs, driven by a ~12% weekly surge in crude and a stalling USD, printing one-month lows around 1.4005. Price sits below both EMA20 and EMA50 and has stalled just above the 1.40 psychological handle, with RSI(14) hovering in the low 40s as the decline flattens. Monday's session has held a tight range between 1.4007 and 1.4023 after a small weekend gap down.
Support: 1.40052, 1.4000
Resistance: 1.40231, 1.40501
What it said to watch
Canada CPI at 12:30 UTC today could materially shift this read
H1 close below 1.4005 confirms a fresh lower-low toward the 1.40 round number
Reclaim of 1.40501 prior high would break the lower-high sequence
Lower highs and lower lows, now consolidating above 1.40.
USDCAD has trended lower all week, pressing one-month lows near the 1.40 psych level as a ~12% weekly surge in crude underpins the Loonie. Price sits below EMA20 (~1.4025) after a weekend gap lower, now consolidating in a tight Asia-session range just above the 1.3981 38.2% retracement. RSI(14) around 42 reflects fading downside momentum rather than a turn.
Support: 1.3981, 1.4000
Resistance: 1.4025
What it said to watch
Canada CPI Mon 20 Jul 12:30 UTC is the next catalyst and could break the consolidation
A sustained break below 1.3981 opens the path toward the low-1.39s
Reclaim of the 1.4025 ema20 would neutralise the lower-high structure
USDCAD has trended lower all week off Monday's 1.4143 open, pressing one-month lows near the 1.40 handle as a ~12% weekly surge in crude underpinned CAD. Price sits below EMA20 and EMA50 with RSI(14) in the low 40s; the weekly low around 1.40052 is holding on the current attempt after a modest Monday-open bounce to 1.40231. Rallies into the low-1.40s have been repeatedly sold beneath a descending line of lower highs.
Support: 1.40052, 1.4000, 1.3981
Resistance: 1.40231, 1.4037, 1.4051
What it said to watch
Canada CPI at 12:30 UTC today is the immediate catalyst for this read
Hourly close below 1.40000 opens the path toward the 1.3981 fib pivot
Reclaim of 1.40370 would break the run of lower highs and challenge the downtrend
Downtrend intact since Monday's open, with USDCAD pressed to one-month lows near 1.40 as a ~12% weekly crude surge weighed on the pair. Price has based between 1.4005 and 1.4020 through the Asian session with RSI holding the low-40s, while EMA20 near 1.4037 has capped rebounds all week. A small weekend gap lower into Monday kept sellers in control.
Support: 1.40052, 1.4000, 1.3981
Resistance: 1.4037
What it said to watch
Canada CPI today 12:30 UTC could materially shift this read
H1 close below 1.4005 confirms a lower-low and opens 1.3981
Reclaim of 1.4037 (EMA20) needed to question the downtrend
USDCAD has trended lower all week, pressing one-month lows near the 1.40 psych level as a ~12% oil surge underpinned CAD. Price is holding just above the 1.4005 week low after a small post-weekend gap and shallow bounce, but sits below both EMA20 (~1.4030) and EMA50, keeping the lower-high structure intact. RSI(14) near 44 reflects fading downside momentum rather than a turn.
Support: 1.4005, 1.3981, 1.4000
Resistance: 1.4030
What it said to watch
Canada CPI Mon 20 Jul 12:30 UTC could materially shift this read
Break below 1.3981 38.2% fib confirms continuation of the down leg
Hourly close back above 1.4030 ema20 would question the lower-high sequence