Every read JAFX AI made on the USD/CAD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:03 UTC
Downtrend, momentum slowing after bounce · RSI 43 · price 1.40099
Lower highs, lower lows; probing two-week low.
USDCAD has carved a steady sequence of lower highs and lower lows across the window, sliding from the 1.42 zone toward 1.40. A strong bar broke below the 1.4045 swing support and swept the 1.3991 two-week low before buyers stepped in, leaving price hovering just above 1.4010. ATR expanded on the breakdown but the subsequent bounce has stalled under 1.4045, keeping the pair pinned near range support as rate differentials cap CAD strength.
Support: 1.3991, 1.4000
Resistance: 1.4045
What it said to watch
- H4 close back above 1.4045 negates the breakdown read
- Loss of 1.3991 confirms a fresh lower-low toward 1.4000 psych
- ISM Manufacturing Mon 14:00 UTC could materially shift this read
21:03 UTC
Downtrend, momentum slowing near lows · RSI 42 · price 1.40099
Lower highs and lower lows, basing at 1.40.
USDCAD has carved a steady sequence of lower highs and lower lows across the window, rolling from the 1.4238 area down through the 1.40 handle with price trading below both EMA20 and EMA50. The pair printed a two-week low at 1.3995 and is now consolidating in a tight 1.3995-1.4045 band, with the post-FOMC USD softness offset by wide BoC-Fed spreads keeping CAD capped. ATR(14) has stayed elevated on the impulsive leg lower, though the last several bars show range compression near support.
Support: 1.3995, 1.4000
Resistance: 1.4045, 1.4110
What it said to watch
- H4 close below 1.3991 confirms lower-low continuation
- Reclaim of 1.4110 barrier needed to break the lower-high structure
- ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read