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.
21:03 UTC
Uptrend, grinding higher into 1.40 ceiling · RSI 68 · price 1.39973
Chain of higher highs/higher lows since April.
Two-month uptrend off the early-April 1.358 base, price holding well above a rising EMA(50) and pressing the 1.4024 7-month high after the hawkish Warsh FOMC repriced the Dollar higher. Soft oil on the US-Iran headlines has kept CAD pinned, with the last three weeks carving steady higher lows toward the 1.40 ceiling. RSI near 68 reflects firm momentum without yet flagging stretched D1 conditions.
Support: 1.3931, 1.38989, 1.3850
Resistance: 1.4024, 1.4048, 1.4090
What it said to watch
- Daily close above 1.4048 opens the 1.4090 Nov peak zone
- Loss of 1.3931 swing low breaks the higher-low chain
- Canada CPI Jun 22 could materially shift this read
21:02 UTC
Uptrend, momentum slowing near 1.40 · RSI 64 · price 1.39973
Higher highs / higher lows since early-April base.
Uptrend resuming since the early-April base near 1.358; price has held above a rising EMA(50) for weeks and pushed to 7-month highs at 1.4023. USD/CAD broke its multi-month range as a hawkish FOMC dot-plot bid the Dollar and soft oil weighs on CAD. The last few sessions are stalling just under the 1.4000 psych level and the 1.4023 high.
Support: 1.3931, 1.3860
Resistance: 1.4000, 1.4023, 1.4090
What it said to watch
- D1 close above 1.4023 opens the path toward the 1.4090 nov peak
- Failure to hold 1.3931 would question the uptrend and the recent higher-low chain
- Canada CPI Jun 22 and Retail Sales Jun 19 could materially shift the CAD leg