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.
19:33 UTC
Strong uptrend, momentum stretched · RSI 80 · price 1.41661
Higher highs/higher lows, fresh 14-mo highs.
USDCAD broke decisively to fresh 14-month highs after the hawkish FOMC dot-plot lifted the dollar and soft Canadian data weighed on the loonie. The impulse off 1.3950 cleared the prior 1.4159 ceiling, which now flips to support, but RSI near 80 shows the move is heavily extended. Structure remains a clean sequence of higher highs and higher lows above rising EMA20/50.
Support: 1.4159, 1.4112
What it said to watch
- Canada CPI Mon 12:30 UTC could materially shift this read
- H4 close back below 1.4159 would mark the first failed-high after the breakout
- Loss of 1.4112 breakout base undercuts the higher-low sequence
19:33 UTC
Uptrend, momentum stretched · RSI 80 · price 1.41661
Higher highs / higher lows, breakout extending.
USDCAD remains in a clean H4 uptrend, printing higher highs and higher lows and clearing the 1.4159 14-month high as the hawkish-Fed/soft-CAD theme and sliding oil drove a multi-day extension. Price sits above both EMA20 and EMA50 with the latest leg accelerating off the 1.4030 zone, but RSI near 80 flags an overbought, stretched condition. The 1.41830 high and 1.42 round number cap the immediate advance.
Support: 1.4111, 1.4030, 1.3980
Resistance: 1.4183, 1.4200
What it said to watch
- Canada CPI Mon 12:30 UTC could trigger a pullback in this stretched move
- A close back below 1.4111 breakout area would put the higher-low structure at risk
- Acceptance above 1.42000 round number opens further upside extension