21:03 UTC
Uptrend stalled, consolidating · RSI 51 · price 1.40944
Range after pullback from June high.
Multi-month uptrend from the March 1.37 base topped at 1.4248 in June, then rolled into a pullback that is now consolidating within 1.4000–1.4100. A double bottom at the 1.40 psych (twin swing lows near 1.4003) has drawn a bounce back to 1.41, though soft Canadian CPI against firm oil keeps the tape two-way. Price sits around EMA20 with the D1 EMA50 flattening near 1.3991.
Support: 1.4003, 1.3991
Resistance: 1.4150, 1.4248
What it said to watch
- Daily close below 1.4000 negates the double bottom and exposes the 50-day ma near 1.3991
- Close above 1.4150 interim res reopens the June 1.4248 high
- FOMC Jul 29 and Canada GDP Jul 31 are the week's catalysts and could reset this range