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
Uptrend, momentum stalling · RSI 53 · price 1.42021
Consolidating below 15-month high, potential double top.
Uptrend off the early-June lows near 1.3919 stretched to a 15-month high at 1.4248, where price was rejected twice, leaving a potential double top; the pair is now consolidating the 1.4150-1.4248 range. USD softened after the June NFP miss (57K vs 110K), but weak oil and USMCA review risk have capped the CAD recovery, pinning USDCAD near 1.4200. ATR(14) is steady, showing neither compression nor fresh trend expansion.
Support: 1.4150, 1.4165
Resistance: 1.4248
What it said to watch
- H4 close above 1.4248 negates the double top and reopens the highs
- Break below 1.4150 confirms a lower low and breaks the rising support
- Canada jobs Jul 10 and BoC Business Outlook Mon could shift this read
21:03 UTC
Uptrend, momentum stalling · RSI 54 · price 1.42021
Consolidating below 15-month high.
Uptrend from the early-month base near 1.3900 extended to a 15-month high at 1.42476, where price stalled with two matching peaks near 1.4247. USD softness after the June NFP miss (57K vs 110K) capped the advance and pulled price back into a 1.4150-1.4248 consolidation; the current recovery to 1.4202 keeps it above both EMAs but below the highs. ATR sits in a moderate regime, neither compressing sharply nor expanding.
Support: 1.4150, 1.4100
Resistance: 1.42476
What it said to watch
- Close above 1.42476 negates the double top and reopens the uptrend
- Close below 1.4150 breaks the neckline and confirms a lower low
- Canada jobs (Fri) and ISM Services (Mon) could shift this read