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.
21:04 UTC
Multi-month uptrend, pulling back · RSI 42 · price 1.4070
Topped near 1.4240, retracing toward 1.4000.
USDCAD ran a multi-month uptrend off the late-March low near 1.3550 to a double top around 1.4240 in June, then rolled over on soft Canadian CPI and stalled below the 1.4100 confluence. The last three weeks have carved lower highs and a slide to 1.4000, dropping price under EMA20 while EMA50 (near 1.404) still sits just below. Price is now retesting from the 1.4000 round number, holding above the 1.3970 50-dma zone.
Support: 1.4000, 1.3970, 1.3870
Resistance: 1.4100, 1.4175, 1.4240
What it said to watch
- Daily close above 1.4100 confluence would reaffirm the prior uptrend
- Failure to hold the 1.4000 round number opens the 1.3970 50-dma, then 1.3870 may high
- Canada Retail Sales Thu 23 Jul could shift this read
21:04 UTC
Uptrend stalling, multi-week pullback · RSI 43 · price 1.4070
Lower highs off June peak, basing near 1.4000.
The Feb-June advance peaked at 1.4247 in late June and has since unwound into a multi-week pullback, though price still holds around the D1 EMA(50). Demand stepped in twice near 1.4000 to form a small base, while 1.4100 remains the near-term ceiling. Soft June Canadian CPI and the pending Aug 19 tariffs weigh on CAD, but firm crude has kept the slide orderly.
Support: 1.4000, 1.3970, 1.3870
Resistance: 1.4100, 1.4247
What it said to watch
- D1 close above 1.4100 confluence needed to challenge the lower-high sequence
- Failure to hold 1.4000 opens the 1.3970 50-dma, then 1.3870 may high
- Canada Retail Sales Thu could shift the near-term read