Every read JAFX AI made on the USD/CAD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Uptrend, momentum slowing · RSI 46 · price 1.4151
Consolidating below range top after multi-month rally.
Multi-month uptrend off the late-March low near 1.3550 that peaked at 1.4248 in late June; price still holds above the D1 EMA(50). The last two weeks have flattened into a 1.4130–1.4250 range as a strong June jobs beat and firmer oil supported CAD, capping the pair. RSI sits mid-range with momentum cooling, and price has slipped below EMA20 within the range.
Support: 1.4130, 1.4117, 1.4075
Resistance: 1.4250, 1.4248
What it said to watch
- BoC rate decision + MPR Wed 13:45 UTC could materially shift this read
- Daily close below 1.4130 opens the path toward 1.4075
- Daily close above 1.4250 re-engages the June high at 1.4248
21:04 UTC
Uptrend, momentum slowing · RSI 44 · price 1.4151
Multi-month advance stalling below 1.4250, retracing.
USDCAD ran a steady four-month advance off the February low near 1.3550, peaking around 1.4250 in late June before rolling over. The pair has since posted a rounded top and is retracing, held above EMA(50) on D1 but now trading under EMA20 as the June jobs beat and firmer oil kept CAD supported into the BoC decision. Price is consolidating between the 1.4130 support and the 1.4210 lower high, its first weekly loss in six.
Support: 1.4130, 1.4117, 1.4075
Resistance: 1.4210, 1.4250
What it said to watch
- BoC decision + MPR Wed 13:45 UTC is the swing factor for this read
- Daily close below 1.4117 swing low confirms a lower-low
- Reclaim of 1.4210 lower high reopens the 1.4250 june high