Every read JAFX AI made on the USD/CAD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:33 UTC
Uptrend, momentum cooling at highs · RSI 59 · price 1.41661
Higher highs and higher lows, week-long advance.
USDCAD has climbed steadily since Monday's open near 1.3985 to fresh 14-month highs at 1.41827, riding the broad USD breakout after the hawkish Fed dot-plot and soft Canadian retail sales. The NY session push through 1.4150 extended the move, and price still holds above EMA(20) with each pullback finding the rising base. The last bar stalled and pulled back off 1.4177, with RSI cooling from elevated levels — a pause at the top of the week's range.
Support: 1.4150, 1.41358, 1.4100
Resistance: 1.41827, 1.4200
What it said to watch
- Canada CPI Mon 12:30 UTC could materially shift this read
- A close back below the 1.41500 EMA20 would break the week's higher-low sequence
- Acceptance above 1.41827 week high opens the path toward 1.4200
19:33 UTC
Uptrend, momentum stretched · RSI 64 · price 1.41661
Rising series of higher highs and higher lows.
USDCAD has trended higher all week, with the dominant leg coming during the NY session Wednesday after the hawkish FOMC and soft Canadian data lifted the pair through the prior 1.4159 high. Price holds well above EMA20 and EMA50 with pullbacks repeatedly bought, and the latest push tagged 1.41827 before easing into the close. Momentum is extended after a multi-day climb, with the last bar rejecting the session high.
Support: 1.4133, 1.4145, 1.4100
Resistance: 1.41827, 1.4200
What it said to watch
- Loss of 1.41330 swing low would break the run of higher lows
- Sustained H1 close above 1.41827 opens the path toward the 1.4200 psych level
- Canada CPI Mon 12:30 UTC could materially shift this read