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.
21:02 UTC
Strong uptrend, momentum stretched · RSI 78 · price 1.41661
Higher highs, higher lows; breakout accelerating.
USDCAD extended a seven-bar advance to a 14-month high at 1.4183, clearing the 1.4159 prior high as the hawkish Fed dot-plot and softer crude weighed on the loonie. The move broke out of the 1.3950-1.4020 base around the 21st with expanding ATR, but RSI near 78 flags a stretched read. Price now sits just under the session high with EMA20 and EMA50 trailing well below.
Support: 1.4159, 1.4035, 1.3950
Resistance: 1.4183
What it said to watch
- Canada CPI Mon 12:30 UTC could materially shift this read
- H4 close back below 1.4159 negates the breakout and signals exhaustion
- Loss of 1.4035 breakout base reopens the 1.3950 swing low
21:02 UTC
Strong uptrend, stretched · RSI 77 · price 1.41661
Higher highs / higher lows, at 14-mo high.
USDCAD extended its multi-day uptrend, clearing the prior 1.4159 14-month high after the hawkish Fed dot-plot repricing and softer crude pressured the loonie. Price is pinned near session highs around 1.4180 with RSI stretched into overbought territory, well above both EMAs. The advance is accelerating but momentum is extended into Monday's Canada CPI.
Support: 1.4111
Resistance: 1.41827
What it said to watch
- Canada CPI Mon 12:30 UTC could materially shift this read
- RSI overbought near 76 flags exhaustion risk
- H4 close back below 1.41110 questions the breakout