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
Downtrend, momentum slowing · RSI 42 · price 1.41548
Lower highs, testing range base.
USDCAD is rolling over below the mid-June peak near 1.4248, carving a sequence of lower highs and now probing the three-week low around 1.4117 as CAD firms after Friday's upside jobs surprise. Price sits below both EMA20 and EMA50 with ATR compressing into the low-30-pip range. Demand has repeatedly stepped in near 1.4135, holding the base for now.
Support: 1.4117, 1.4135, 1.4075
Resistance: 1.4190, 1.4225, 1.4248
What it said to watch
- H4 close below 1.4117 confirms a lower-low and opens the 1.4075 area
- Reclaim of 1.4190 would neutralise the lower-high structure
- BoC decision Wed Jul 15 13:45 UTC and US CPI Tue could materially shift this read
21:03 UTC
Rolling over, lower highs · RSI 43 · price 1.41548
Topped near 1.4247, grinding lower highs into range support.
USDCAD has rolled over from the late-June high near 1.4247, printing a sequence of lower highs as CAD firmed on the upside jobs surprise. The last bar swept below the 1.4130 range top to 1.4117 before closing back at 1.41548 — a false break rejection. ATR(14) is compressed near 26 pips with price pinned under both EMAs.
Support: 1.4130, 1.4117, 1.4075
Resistance: 1.4200, 1.4247
What it said to watch
- H4 close below 1.4117 confirms a lower-low and opens the 1.4075 range low
- Reclaim of 1.4200 negates the rounded-top read
- BoC rate decision Wed 13:45 UTC could materially shift this structure