USD/CAD AI Live Scan, 1-hour chart, Sunday, 2 August 2026
Every read JAFX AI made on the USD/CAD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Downtrend, consolidating after low · RSI 45 · price 1.40104
Range above 1.3991 two-week low.
The week's dominant move was a slide from Monday's 1.4125 open through the 1.4000 psych level to a 1.3991 two-week low into Thursday's US data (GDP miss, soft core PCE). A Friday short-covering USD bounce lifted the pair back to the 1.4058 week high before fading to 1.401, leaving price below both EMA20 and EMA50 and pinned in a 1.3991–1.4058 range. Demand stepped in twice near 1.3991, forming a double base, but recovery has stalled under 1.4058.
Support: 1.4000, 1.39916
Resistance: 1.40583, 1.4110
What it said to watch
ISM Manufacturing PMI Mon Aug 3 14:00 UTC (Prices Paid f/c 70) could shift this read
H1 close above 1.40583 opens the path back toward 1.4110
Failure to hold 1.4000 / 1.3991 confirms a fresh lower low
Lower highs into a 1.3995 base, now consolidating.
USDCAD spent the week grinding lower from Monday's ~1.4125 open, with the dominant leg down coming Thursday as post-FOMC USD softness and a firm Canadian GDP print dragged the pair to a 1.3991 two-week low. Buyers stepped in twice around 1.3995 to form a double bottom, but the recovery has stalled below EMA20/EMA50 near 1.4010 with RSI(14) mid-40s. Price is now ranging between the 1.3995 base and 1.4055 into the new week's open.
Support: 1.39948, 1.4000
Resistance: 1.4055, 1.4110
What it said to watch
H1 close below 1.3991 confirms a lower low and breaks the double bottom
Reclaim of 1.4055 range top needed to challenge the 1.4110 barrier
ISM Manufacturing PMI Mon 14:00 UTC could materially shift this read
USDCAD trended lower through the week, sliding from 1.4125 toward a 1.3991 two-week low before a USD short-covering bounce lifted it to 1.4058. Price has since drifted back below EMA(20) around 1.4020, hovering just above the 1.4000 psychological mark with RSI(14) in the low-40s. The Canadian GDP beat was shrugged off; the recovery high stalled at descending resistance off Monday's open.
Support: 1.4000, 1.39948
Resistance: 1.4020, 1.4058, 1.4110
What it said to watch
H1 close below 1.4000 opens the 1.39948 week low
Reclaim of 1.4058 challenges the week's descending resistance
ISM Manufacturing PMI Mon 14:00 UTC could shift this read
22:02 UTC
Downtrend, consolidating near lows · RSI 43 · price 1.40122
Lower highs into a base above 1.4000.
USDCAD has traded a steady sequence of lower highs since Monday's open, with the dominant leg down coming on a sharp NY-session drop that cut through 1.4040 to the 1.3991 two-week low. CAD failed to build on its GDP beat as the broad USD comeback and rate-spreads kept the pair supported; price now consolidates just above the 1.4000 psychological mark into the Monday open on thin volume. RSI(14) sits mid-40s with price pinned below EMA20 and EMA50.
Support: 1.4000, 1.3991
Resistance: 1.4058, 1.4110
What it said to watch
H1 close below 1.3991 confirms a lower low
Close back above 1.4110 invalidates the lower-highs read
ISM Manufacturing PMI Mon 14:00 UTC could reprice the USD leg
USDCAD has trended lower since Monday's ~1.412 open, with the sharpest leg into Thursday's NY session printing a two-week low at 1.3991 before a short-covering bounce stalled at 1.4058. The pair is now consolidating just above the 1.4000 psych mark, trading below both EMA(20) and EMA(50) as RSI(14) hovers in the low-40s. Upbeat Canadian GDP failed to extend CAD gains, leaving the recovery capped near the session high.
Support: 1.4000, 1.39904
Resistance: 1.40395, 1.40583, 1.4110
What it said to watch
H1 close below 1.4000 psych re-opens the 1.3991 two-week low
Reclaim of 1.4058 spike high needed to challenge the 1.4110 barrier
ISM Manufacturing Mon 14:00 UTC could shift this read
Since Monday's open near 1.4125 the pair has trended lower, with a sharp breakdown into Thursday's NY session printing the 1.3991 two-week low despite the upbeat Canadian GDP beat. A recovery to 1.4058 faded and price is now grinding back toward the 1.4000 psychological mark, holding below both EMAs with RSI cycling in the low-40s. The 1.4058 area has capped bounces while demand keeps stepping in just above 1.3991.
Support: 1.4000, 1.3992
Resistance: 1.4058, 1.4110
What it said to watch
H1 close below 1.3991 confirms a lower low and reopens downside
Reclaim of 1.4058 would break the week's lower-high sequence
ISM Manufacturing PMI Mon 14:00 UTC could shift this read