USD/CAD AI Live Scan, weekly chart, Friday, 3 July 2026

Every read JAFX AI made on the USD/CAD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

19:03 UTC

Recovery uptrend into range top · RSI 63 · price 1.41918

Broad range, testing upper boundary.

Price has been range-bound roughly between the 1.3481 swing low set in late January and the 1.48 area from early 2025, and the recovery off that low has now carried price into the top of the range at the 1.4248 15-month high. The rising EMA(50) sits beneath near 1.385 and price holds well above it, keeping the macro structure constructive, though the last two weekly bars wicked into 1.4247 and closed back near 1.419 — a rejection at the range ceiling. The pullback from the highs coincides with a softer USD after the 57K NFP miss, while CAD's own headwinds (soft oil, dovish BoC, USMCA overhang) keep USDCAD structurally bid.

Support: 1.4000, 1.3850, 1.3481

Resistance: 1.4248, 1.4500

What it said to watch

  • Weekly close above 1.4250 breaks the range top and opens the path toward 1.45
  • Failure to hold 1.4000 exposes the rising EMA50 near 1.385
  • Canada jobs Jul 10 could materially shift this read

19:03 UTC

Recovery uptrend within broad range · RSI 62 · price 1.41918

Higher lows off Jan-26 base, upper half of range.

Broadly range-bound between 1.3480 and roughly 1.4800 since early 2025; price has recovered off the January-2026 range low at 1.3480 and now trades in the upper half near the 1.4248 15-month high. EMA(50) on W1 is rising and price holds above it — macro structure has turned constructive on the recovery leg. The soft US NFP print capped the latest push, leaving the 1.4248 15-mo high as the area to watch for rejection or break.

Support: 1.4000, 1.3820, 1.3480

Resistance: 1.4248, 1.4793

What it said to watch

  • Weekly close above 1.4248 opens the path toward the 2025 high at 1.4793
  • Failure to hold the 1.4000 round number reopens the mid-range toward 1.3820
  • Canada jobs Jul 10 could materially shift this read

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