21:04 UTC
Uptrend stalled, correcting · RSI 52 · price 1.40853
Double top, pullback to 1.40 then bounce.
Uptrend from the March 1.3550 base peaked near 1.4248 in mid-June; twin highs on 18 Jun and 04 Jul carved a double top before price broke down to the 1.4000 psychological level by early July. The last three sessions recovered off 1.4000 back toward the EMA(50) cluster, with soft Canada June CPI and Fed-BoC divergence keeping USD supported while firm oil cushions CAD. Price now sits mid-range between 1.4000 support and the 1.4110 recovery high.
Support: 1.4000, 1.3970
Resistance: 1.4110, 1.4175, 1.4248
What it said to watch
- D1 close above 1.4110 opens the path toward 1.4175
- Failure to hold 1.4000 confirms continuation of the double-top breakdown
- US flash PMIs Fri 24 Jul could materially shift the USD leg