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.
21:03 UTC
Uptrend faded, rolling over · RSI 43 · price 1.40099
Rounded top, lower highs off June peak.
The spring uptrend from the early-April low near 1.3550 peaked at 1.4248 in mid-June, and price has since rolled over into a rounded top, drifting back to the 1.40 handle. The last several weeks have compressed into a 1.40–1.41 range, with price now sitting below EMA20 and a flattening EMA50 as the June momentum bleeds out. Solid Canadian GDP failed to extend CAD gains, leaving the pair pinned by wide rate differentials near fair value.
Support: 1.4000, 1.3991, 1.3955
Resistance: 1.4110, 1.4248
What it said to watch
- D1 close below 1.3991 confirms a lower low and opens 1.3955
- D1 close above 1.4110 barrier needed to revive the upside
- Canada jobs Aug 7 is the week's key risk to this range read
21:03 UTC
Uptrend fading, multi-week pullback · RSI 43 · price 1.40099
Lower highs since June peak, testing range floor.
Uptrend off the early-April 1.3550 low peaked at 1.4248 in mid-June; the pair has since carved lower highs and slipped below EMA20 and EMA50 over the past two sessions. Price is pinned between the 1.4000 psych mark and the 1.3991 two-week low, sitting near the 38.2% retracement of the April–June swing. Solid Canadian GDP failed to lift CAD as wide front-end rate differentials keep the pair rangebound.
Support: 1.4000, 1.3991
Resistance: 1.4110, 1.4248
What it said to watch
- D1 close below 1.3991 two-week low confirms a lower low
- Reclaim of the 1.4110 barrier needed to re-engage the June uptrend
- Canada jobs Fri Aug 7 could materially shift this read