Pair carved a week low near 1.3578 mid-week before a sharp NY-session impulse drove price from 1.3643 to 1.3710 in two hours, lifting it back above EMA20 and EMA50. Since the spike, price has consolidated 1.3673–1.3691 with RSI cooling from overbought into the mid-50s. The Iran/Hormuz headlines through the weekend kept USD bid into this gap-open candle.
Support: 1.3673, 1.3643, 1.3578
Resistance: 1.3692, 1.3709
What it said to watch
Hourly close back below 1.3673 session low would unwind the spike-open structure
Reclaim of 1.3709 week high would extend the breakout
Further Iran/Hormuz headline flow could materially shift this read
22:01 UTC
Uptrend, consolidating after spike · RSI 50 · price 1.36816
Higher highs into 1.3710, pullback holding above prior breakout shelf.
USDCAD ripped from 1.3643 to 1.3710 in a single NY-session impulse mid-week, clearing the 1.3650 ceiling that capped the prior two sessions. Price has since drifted sideways between 1.3673 and 1.3690, holding above the breakout shelf with RSI(14) cooling back to neutral. The Iran/Hormuz headlines over the weekend are the dominant flow driver and keep the read tilted toward the recent range top.
Support: 1.3673, 1.3650, 1.3624
Resistance: 1.3693, 1.3709
What it said to watch
H1 close below 1.3650 breakout shelf would invalidate the continuation read
Reclaim of 1.3693 spike base reopens the 1.3709 week high
Further Iran/Hormuz headline escalation could materially shift this read via oil
Higher highs and higher lows since Wednesday's low.
USDCAD broke out of a multi-day range during yesterday's NY session, spiking from 1.3643 to 1.3710 on a single impulsive H1 candle. Price has since pulled back toward 1.3670 and is consolidating above the breakout zone, with RSI(14) cooling from overbought into the mid-50s. Both EMA(20) and EMA(50) sit below price, with the pullback so far holding the session low.
Support: 1.3670, 1.3645, 1.3610
Resistance: 1.3710, 1.3690
What it said to watch
H1 close back below 1.36450 would negate the breakout and signal a false break
Reclaim of 1.36900 puts the week high at 1.37100 back in focus
Iran-US headline risk remains active and could drive USD volatility into the next session