21:03 UTC
Uptrend, momentum slowing · RSI 49 · price 1.41921
Higher highs stalling under 14m high, near-term pullback.
USDCAD ran to fresh 14-month highs near 1.4248 before twin rejections carved a potential double top, and price has since rolled back below EMA20 toward 1.4190. The fade lines up with the digest read — in-line US PCE trimmed Fed-hike odds and a firmer oil tape gave CAD a corrective bounce. The broader higher-low sequence off 1.4004 remains intact above the 1.4150-1.4170 support shelf.
Support: 1.41688, 1.4150, 1.4130
Resistance: 1.42476, 1.4200
What it said to watch
- H4 close below 1.4170 confirms a lower-high and opens the 1.4150 prior-peak zone
- H4 close above 1.4248 resumes the uptrend toward new highs
- Canada GDP Jun 30 12:30 UTC could materially shift this read