USDCAD trended lower all week from the ~1.4208 weekly open, printing a 1.41171 week low during Friday's NY session after the stronger Canadian jobs beat (+18.2K, wages 3.7%) kept the loonie firm. Price has since recovered back above EMA(20), with RSI(14) lifting from oversold toward the mid-50s. The 1.4189 prior high caps the topside, while 1.4130 remains the former range base to watch below.
Support: 1.4130, 1.41171
Resistance: 1.4189, 1.4208, 1.4226
What it said to watch
A close above 1.4189 opens the path back toward the 1.4208 weekly open
Failure to hold 1.4130 re-exposes the 1.41171 week low
US CPI (Tue 12:30 UTC) and BoC decision (Wed 13:45 UTC) could materially shift this read
USDCAD trended lower all week off Monday's 1.4208 open, sliding to a 1.4117 low as CAD firmed on the jobs beat while a soft USD tape into the CPI event capped topside. Price has since bounced ~50 pips into the new week's open to 1.417, reclaiming the H1 EMA20 with RSI cycling back to mid-range. The descending sequence of lower highs from 1.4226 still frames the broader move.
Support: 1.4155, 1.4130, 1.41171
Resistance: 1.4180, 1.42079, 1.42259
What it said to watch
H1 close above 1.4180 challenges the week's lower-highs line
Failure to hold 1.4155 reopens the 1.4130/1.4117 support band
BoC decision Wed 13:45 UTC and US CPI Tue 12:30 UTC could reset this read
Lower highs and lower lows, bouncing off week low.
USDCAD trended lower all week from Monday's 1.4206 open, pressured by a soft USD and CAD's jobs beat, bottoming at a 1.4117 week low late Friday. Price recovered into the weekend gap and now sits near 1.4165, back above EMA20 with RSI(14) lifting off the lows. Lower highs from 1.4226 still cap the tape and the former range top at 1.4130 flipped to support on the bounce.
Support: 1.4130, 1.41171
Resistance: 1.41893, 1.4206
What it said to watch
H1 close above 1.41893 swing high would break the week's lower-high sequence
Failure to hold 1.41171 week low confirms downtrend continuation
US CPI Tue and BoC decision Wed could materially shift this read
22:02 UTC
Downtrend, stabilising off lows · RSI 53 · price 1.41654
Lower highs into 1.4117 swing low, corrective bounce.
USDCAD has trended lower through the week, with the CAD jobs beat yesterday (+18.2K, wages 3.7%) driving the pair down to a 1.4117 swing low before demand stepped in. Price has recovered back above EMA20 with RSI cycling out of oversold and a higher low against the price low, though the lower-high trendline off Monday's session still caps the bounce. The prior-high band at 1.4188 and the 1.4200 psych level remain the swing-structure resistance overhead.
Support: 1.4133, 1.4117
Resistance: 1.4188, 1.4200
What it said to watch
BoC rate decision Wed 13:45 UTC — hold expected, tone on jobs/wages is the near-term CAD driver
US CPI Tue 12:30 UTC could materially shift the USD leg of this read
H1 close above 1.4188 prior high would break the sequence of lower highs
Failure to hold 1.4135 three-week low reopens the 1.4117 swing low
USDCAD has ground lower all week from Monday's open near 1.4203 to a fresh three-week low at 1.41171 in the last NY session, pressured by a soft dollar and the upside Canadian jobs surprise. Price has since bounced back to 1.41548, stalling just under the EMA(20) near 1.4156, while RSI has firmed off oversold as the last low printed on lighter momentum. The 1.4172 prior high and the EMA(20) remain the near-term caps.
Support: 1.41171, 1.4133
Resistance: 1.4156, 1.4172, 1.4189
What it said to watch
H1 close above 1.4172 would break the week's lower-high sequence
Failure to hold 1.41171 confirms a fresh lower-low
BoC decision Wed and US CPI Tue could materially shift this read
21:03 UTC
Downtrend, bouncing off lows · RSI 44 · price 1.41548
Lower highs, lower lows into 3wk low.
USDCAD has ground lower all week off the 1.4200 weekly open, printing a chain of lower highs and lower lows as CAD outperformed following the upside jobs beat. Price marked a fresh three-week low at 1.4117 before a shallow recovery back toward 1.4155, but it remains pinned below EMA20 and EMA50 with RSI(14) cycling in the low-40s. The descending sequence stays intact while capped under the 1.4190 prior high.
Support: 1.4117, 1.4130
Resistance: 1.4190, 1.4200
What it said to watch
H1 close above 1.4190 invalidates the lower-high structure
Loss of 1.4117 confirms downside continuation toward 1.4075/80
BoC decision Wed and US CPI Tue could materially shift this read