09:19 UTC
Uptrend, pullback after spike · RSI 52 · price 1.36731
Higher highs into 1.3710 spike, now retracing.
USDCAD broke out of a multi-day 1.3620–1.3650 range on Friday's NY session after the divergent US/Canada jobs prints, spiking to 1.3710 before willing sellers capped the move at the 100dma area. Price has since unwound roughly half the impulse and is consolidating just above 1.3670 session low, with RSI cooling back to neutral. Structure remains constructive while the week base at 1.3620 holds, but momentum has clearly faded from the spike.
Support: 1.36699, 1.3645, 1.3620
Resistance: 1.36927, 1.37099, 1.3720
What it said to watch
- H1 close back above 1.36927 spike body would reassert the breakout
- Loss of 1.36699 session low opens 1.36450 prior swing
- Sustained move below 1.3620 week base invalidates the breakout read
- US CPI later this week (per Wells Fargo preview) is the key catalyst