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.
21:02 UTC
Uptrend, momentum stretched · RSI 81 · price 1.41661
Higher highs, breakout above range.
Seven-session rally to 14-month highs at 1.4183, with USD/CAD breaking clean above the prior 1.4159 14-month high on the hawkish Fed dot-plot repricing and softer oil. Price trades well above a rising EMA(50), but daily RSI near 80 flags genuine overbought conditions into Monday's Canada CPI. The breakout has yet to retest 1.4159, now the first support shelf, with the 1.4038 area beneath.
Support: 1.4159, 1.4038
Resistance: 1.4183
What it said to watch
- Daily close back below 1.4159 would mark a failed breakout
- Canada CPI Mon 12:30 UTC could materially shift this read
- RSI near 80 — overbought, pullback risk toward 1.4038
21:02 UTC
Uptrend, momentum stretched · RSI 83 · price 1.41661
Rising HH/HL, accelerating.
USDCAD is in a steep multi-week uptrend, with seven consecutive up sessions carrying price through the 1.4159 14-month high to fresh peaks at 1.4183. The leg is driven by the hawkish Fed dot-plot repricing and softer crude weighing on the loonie, holding well above a rising EMA(50). RSI(14) near 83 marks genuine D1 overbought, flagging exhaustion risk even as structure stays intact.
Support: 1.4159, 1.4000, 1.3950
Resistance: 1.4183
What it said to watch
- Canada CPI Mon 12:30 UTC (MoM f/c 0.7%) could materially shift this read
- RSI near 83 — overbought condition raising pullback risk toward 1.4159
- Daily close back below 1.4000 round number would break the rally structure