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
Uptrend at YTD highs, momentum stalling · RSI 56 · price 1.39881
Higher highs/higher lows, capped at 1.40 congestion.
USDCAD remains in a multi-week uptrend, posting fresh YTD highs into the 1.40-1.41 congestion band as a patient BoC hold and a firmer USD on hot PPI keep the Loonie on the back foot. The push to 1.40235 was rejected with the pair snapping back to 1.3953 before recovering — a false break of the 1.40 round number rather than a clean range break. Price holds above both EMA20 and EMA50, but the stall at congestion signals fading momentum near the highs.
Support: 1.3953, 1.3900, 1.38649
Resistance: 1.40235, 1.4140
What it said to watch
- FOMC and US Retail Sales Jun 17 could materially shift this read
- H4 close above 1.40235 opens the path toward the 1.4140 extension
- Failure to hold 1.3900 weekly low confirms a lower-low
21:03 UTC
Uptrend, momentum slowing near highs · RSI 62 · price 1.39881
Higher highs/higher lows, pressing YTD highs.
USDCAD remains in a clean uptrend, carving higher highs and higher lows to fresh YTD highs as a patient BoC hold, soft oil and a hot US PPI print stack against the Loonie. The 1.40235 spike was rejected with a sharp pullback to 1.3953 before buyers reclaimed, leaving price consolidating just under the 1.40 congestion band. ATR(14) is holding firm and price sits above both EMA20 and EMA50, keeping the higher-low structure intact.
Support: 1.3953, 1.3900, 1.38649
Resistance: 1.40235, 1.4140
What it said to watch
- H4 close above 1.40235 opens the path toward the 1.4140 congestion extension
- Failure to hold 1.3900 weekly low would break the higher-low structure
- FOMC and US Retail Sales Jun 17 could materially shift this read