USD/CAD AI Live Scan, weekly chart, Friday, 24 July 2026
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
Range-bound, mid-range after rejection · RSI 52 · price 1.40179
Multi-quarter range following Q1 2025 selloff.
USDCAD has been range-bound between roughly 1.3550 and 1.4250 since mid-2025, after the sharp Q1 2025 slide from the 1.48 area. Price sits in the upper half of that band, pulling back to the 1.4000 psych level after a two-week rejection off the 1.4247 year high; the dovish-BoC vs hawkish-Fed mix plus firm oil has kept spot pinned near fair value. W1 EMA(50) is flat-to-rising below price, consistent with a balanced, non-trending regime rather than a directional move.
Support: 1.4000, 1.3820, 1.3550
Resistance: 1.4175, 1.4247
What it said to watch
FOMC next week is the dominant catalyst and could break the multi-quarter range either way
Weekly close above 1.4175 interim opens the path back to the 1.4247 year high
Failure to hold the 1.4000 psych level exposes the 1.3820 swing low
Sustained break of 1.3550 range low would end the range and confirm a lower low
USDCAD has been range-bound for a year between roughly 1.3480 and 1.4248, and price now sits in the upper half after recovering off the January low. The rally stalled and reversed at the 1.4248 year high, with a pullback back toward the 1.4000 psych pivot; EMA(50) on W1 is flat-to-rising and price holds above it, so macro structure is intact. Softer Canadian CPI and tariff headwinds cap CAD, but firm oil keeps the pair pinned near fair value into next week's FOMC.
Support: 1.4000, 1.3870, 1.3480
Resistance: 1.4248, 1.4175
What it said to watch
Weekly close below 1.4000 opens 1.3870 then the range low
Weekly close above 1.4248 breaks the year high
FOMC next week could materially shift this regime read