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 74 · price 1.42123
Higher highs/lows, breakout extension.
USDCAD has trended up since the early-April low near 1.355, with the move accelerating on the mid-June breakout above 1.40 that carried price to 14-month highs at 1.42167. Price sits well above a rising EM(50), the structural swing-trend filter, but D1 RSI in overbought territory reflects a stretched, eight-session run before this week's small pause. The advance is driven by hawkish-Fed/USD strength against a BoC seen on hold and soft oil weighing on CAD.
Support: 1.4100, 1.3988, 1.4000
Resistance: 1.42167, 1.4300
What it said to watch
- US Core PCE on Thu could materially shift this read
- A close above the 1.43000 round number opens the path toward the 1.43-1.45 zone
- Daily close back below the 1.41000 pivot would signal momentum stalling
21:02 UTC
Uptrend, momentum stretched · RSI 74 · price 1.42123
Rising HH/HL chain, broke above 1.41.
USDCAD is in an established multi-week uptrend, pressing fresh 14-month highs at 1.4217 as a hawkish-Fed/USD bid and soft oil keep CAD pinned. Price has held above a rising EMU(50) since the mid-May breakout through the long-term 1.41 cap, with the last three weeks adding higher highs and higher lows. Momentum is stretched — D1 RSI is into overbought territory — leaving the rally extended into Thursday's US Core PCE print.
Support: 1.4100, 1.4145
Resistance: 1.42167, 1.4300
What it said to watch
- US Core PCE Thu 12:30 UTC could materially shift this read
- Daily close back below 1.41 pivot would break the higher-low sequence
- Sustained close above 1.4217 opens the 1.43 round-number zone