USD/CAD AI Live Scan, 4-hour chart, Wednesday, 22 July 2026
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.
21:04 UTC
Downtrend, bounce off 1.4000 · RSI 52 · price 1.40839
Double bottom near 1.4000, lower highs capping.
Broad downtrend from mid-1.42 remains defined by lower highs, but price carved a double bottom near 1.4000 with two tests at 1.4005/1.4004 before bouncing to the 1.4110 area — the soft Canada CPI print and fresh US tariff headlines lifted USDCAD off the one-month low. Price is now easing back below the bounce high toward the EMA20, holding above the 1.4000 psych floor. ATR is moderate, consistent with corrective chop rather than fresh trend expansion.
Support: 1.4005, 1.4000, 1.3970
Resistance: 1.4110, 1.4150, 1.4175
What it said to watch
H4 close above 1.4110 bounce high opens the path to 1.4150/1.4175
Failure to hold the 1.4000 psych level confirms a lower low and resumes the downtrend
Canada Retail Sales Thu 12:30 UTC could materially shift this read
21:03 UTC
Downtrend, recovering off base · RSI 52 · price 1.40839
Double-bottom base after multi-week decline, capped below 1.4100.
H4 carved a multi-week downtrend from 1.4240 into a 1.4005/1.4004 double bottom, with demand stepping in twice at the round number as soft Canadian CPI cemented a BoC pause. The bounce has since stalled below the 1.4100 pivot (near the H4 200-SMA), with price pulling back to 1.4084 after tagging 1.4110. ATR is compressing as the pair consolidates between the base and the pivot.
Support: 1.4005, 1.4000
Resistance: 1.4110, 1.4150
What it said to watch
H4 close above 1.4110 opens the path toward 1.4150
Failure to hold the 1.4005 double bottom confirms a lower low and downtrend resumption
Canada Retail Sales Thu 12:30 UTC could shift this read
Multi-day downtrend from 1.4240 slowed into a double bottom near 1.4005, where demand stepped in twice off the 1.4000 psych level. The bounce has stalled at the 1.4100 pivot (H4 200-SMA), leaving price boxed below the descending highs after soft Canadian CPI and fresh US tariff headlines drove the earlier leg lower. Canada Retail Sales Thu is the next catalyst.
Support: 1.4005, 1.4000
Resistance: 1.4110, 1.4150
What it said to watch
H4 close above 1.4110 negates the lower-high sequence and opens the path to 1.4150
Failure to hold 1.4000 confirms a fresh lower low and resumes the downtrend
Canada Retail Sales Thu 12:30 UTC could materially shift this read
USDCAD sold off through most of the window under soft Canadian CPI and the fresh US tariff round, though strong crude has capped the pair near the 1.4100 confluence hurdle. A double bottom around 1.4000 sparked a recovery that stalled near the 61.8% fib and the 1.4110 swing high. ATR(14) has compressed as the bounce matured, keeping the pair pinned below descending resistance.
Support: 1.4004, 1.4000
Resistance: 1.4110, 1.4150
What it said to watch
H4 close above 1.4110 opens the path toward the 1.4150 range edge
Failure to hold 1.4000 confirms a fresh lower low
Canada Retail Sales Thu 12:30 UTC could shift this read
09:03 UTC
Downtrend, bouncing off lows · RSI 54 · price 1.40909
Recovery from double-bottom base near 1.4000.
Price carved a multi-week downtrend from the 1.4245 area before basing twice near 1.4000, a double bottom that has since produced a recovery back to 1.4110. The bounce fits the CAD backdrop: soft June CPI and fresh US tariffs pressure the loonie, but strong crude has kept USDCAD capped at the 1.4100 confluence. EMA20 has turned up under price while EMA50 still overhead marks the descending resistance from the earlier decline.
Support: 1.4003, 1.4046
Resistance: 1.4111, 1.4150
What it said to watch
H4 close above 1.4111 swing high opens the path toward the 1.4150 resistance shelf
Failure to hold the 1.4000 double btm confirms a lower low
Canada Retail Sales Thu and US PMIs Fri could materially shift this read
USDCAD sold off from 1.4240 through most of the window as firmer oil offset the softer USD, printing a base near the 1.4000 psych level twice before turning. Price has since recovered to 1.4105, reclaiming the EMA20 and EMA50, with the bounce aligning with the multi-week soft-CAD backdrop (June CPI miss, fresh US tariffs). Momentum has flipped constructive but 1.4110 recent high caps the move — an area to watch for rejection or break.
Support: 1.4055, 1.4000, 1.3970
Resistance: 1.4110, 1.4150, 1.4230
What it said to watch
H4 close above 1.4110 recent high opens the path to the 1.4150 resistance
Failure to hold 1.4000 psych reopens the downside toward 1.3970
Canada Retail Sales Jul 23 12:30 GMT could materially shift this read
Multi-day downtrend from the 1.4240 area into the 1.4000 psychological floor, driven by soft June CAD CPI and the fresh US tariff headline. Buyers defended 1.4000 twice, forming a double bottom, and the last several bars have carried price back through the 1.4100 confluence to 1.4107. ATR is easing off the impulsive down-leg as the recovery grinds higher.
Support: 1.4100, 1.4000
Resistance: 1.4150, 1.4175
What it said to watch
Failure to hold the reclaimed 1.4100 round number questions the recovery
An H4 close back below 1.4000 reopens the prior downtrend
Canada Retail Sales Thu 12:30 GMT could materially shift the CAD read
USDCAD spent three weeks grinding lower from the 1.424 area after soft June CPI and the fresh US tariff headline capped the Loonie's oil-driven rally, with the decline stalling twice at the 1.4000 round number to leave a double bottom. Buyers have since reclaimed the 1.4100 confluence and price now trades near the 38.2% retracement of the down-leg. ATR remains moderate — the bounce is holding but has yet to test the 1.4150 interim resistance.
Support: 1.4100, 1.4005
Resistance: 1.4150, 1.4190
What it said to watch
H4 close above 1.4150 extends the recovery toward the 1.4190 swing high
Failure to hold the reclaimed 1.4100 puts 1.4005 double bottom back in play
Canada Retail Sales Thu 12:30 GMT could materially shift this read