21:03 UTC
Uptrend rolling over, momentum fading · RSI 42 · price 1.40533
Multi-month up-move stalling below 1.4250, breaking down through 1.41.
Uptrend running from the February 1.3550 low into a late-June peak near 1.4250 has stalled and rolled over; the pair spent weeks capped in a 1.415–1.4250 band before slipping through the 1.41 pivot this week. The latest sessions posted a decisive break lower toward 1.4040, driven by soft US CPI/PPI and firm oil underpinning CAD, with the BoC hold at 2.25% fully priced. Price now sits below EMA20 but still above the 50-DMA around 1.3970.
Support: 1.3970, 1.3850
Resistance: 1.4100, 1.4130, 1.4250
What it said to watch
- Daily close below 1.3970 (50-dma) would confirm a lower low and extend the breakdown
- Reclaim of the 1.41 pivot would negate the range break read
- Canada CPI on Jul 20 is the next material test of this read