USD/CAD AI Live Scan, daily chart, Sunday, 1 November 2026
Every read JAFX AI made on the USD/CAD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:07 UTC
Downtrend since mid-October, no sign of exhaustion yet · RSI 36 · price 1.39617
Lower highs and lower lows after a triple top near 1.4300; price at the 61.8% retracement of the Sept–Oct rally.
The Sept–Oct rally from the 1.3759 sept low stalled in a triple top at 1.4293–1.4299 (Oct 5–14). Price broke the 1.4200 floor on Oct 15 and has printed a lower-high, lower-low chain for three weeks, with the Oct 27 bounce capped at 1.4068 just under the EMA(20)/EMA(50) ema cluster. CAD found support from the BoC's first hike in over three years and oil above $103, which pushed the pair back under psych 1.40 to a 1.3941 swing low. Price now sits on the 61.8% retracement of the Sept–Oct rally, and RSI near 36 is soft but not yet oversold.
Support: 1.3941, 1.3900, 1.3759
Resistance: 1.4000, 1.4068, 1.4299
What it said to watch
A daily close below the 1.3941 swing low extends the lower-low chain toward the 1.3900 round number and the 78.6% retracement near 1.3855
Reclaiming psych 1.40 and closing above the 1.4068 ema cluster would break the lower-high sequence
Macklem speech Tue 16:00 UTC: a cautious tone on stalled growth could unwind BoC pricing and lift the pair
ISM Manufacturing Mon (f/c 54.7) and Canada jobs Fri (f/c 12.5K) could each shift the weekly read
Failure to hold the 61.8% retracement keeps the 1.3759 sept low in view as the origin of the rally
LH/LL chain after triple top, now testing rally 61.8%.
The Sept 8 low at 1.3759 fed a five-week rally into a triple top at 1.4260–1.4299 between Oct 5 and Oct 14. The Oct 15 break below 1.4200 started a lower-high chain through the Oct 19 high at 1.4134 and the Oct 28 lower high at 1.4068, with price now below both EMA(20) and a flattening EMA(50). CAD is firm on oil above $103 and last week's BoC hike, and USD is capped as yields slide. That has pushed the pair to the Oct 30 swing low at 1.3941, right around the 61.8% retracement of the Sept–Oct rally near 1.3966.
Support: 1.3941, 1.3900, 1.3759
Resistance: 1.4068, 1.4134, 1.4299
What it said to watch
A daily close below the 1.3941 swing low extends the lower-low sequence toward the 1.3900 round number.
A sustained break of 1.3900 exposes the Sept low at 1.3759, the full retracement of the rally.
A daily close back above the 1.4068 lower high breaks the lower-high chain; the Oct 19 high at 1.4134 is the next pivot.
Monday's ISM and Tuesday's BoC Macklem speech could materially shift this read, with Canada jobs due Friday.