22:02 UTC
Uptrend resuming, pressing prior highs · RSI 67 · price 1.42556
Higher low at 1.3929 above the Aug 1.3732 low; price back at the 1.4299 October cap.
The Nov 4 low at 1.3929 printed a higher low on rising support from the Aug 21 trough, holding just under the 61.8% retracement of the Aug–Oct rally. The rebound began with last Friday's US payrolls beat and Canada jobs miss, and Tuesday's hot US CPI extended it. Price is up about 340 pips in six sessions, back above both EMAs with EMA(20) recrossing EMA(50), and is now testing the 1.4299 October high that capped repeated tests through early-to-mid October. RSI at 67.3 sits just below overbought, and ATR has expanded from 57.5 to the high 60s.
Support: 1.4200, 1.41032, 1.40732
Resistance: 1.42993
What it said to watch
- Daily close above the 1.4299 october high would break the October cap and extend the higher-high sequence
- Rejection at 1.4299 would leave a potential double top against the October highs
- Failure to hold the 1.4200 psych level exposes ema20 near 1.4103
- Daily close below ema50 at 1.4073 would undercut the rising support read
- US PPI Fri 13:30 UTC and Canada CPI Mon 16 Nov 13:30 UTC could materially shift this read