Published: 2025-08-26T16:05:58.000Z
Chart USD/CAD Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as prices extend cautious trade above congestion support at 1.3800
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | ** | congestion | S1 | 1.3800 | * | congestion | |
| R3 | 1.4170 | ** | 50% ret of Feb-Jun fall | S2 | 1.3700 | ** | congestion | |
| R2 | 1.4000/20 | ** | break level; 38.2% ret | S3 | 1.3600 | ** | congestion | |
| R1 | 1.3900 | ** | break level | S4 | 1.3550 | * | congestion |
Asterisk denotes strength of level
16:45 BST - Little change, as prices extend cautious trade above congestion support at 1.3800. Intraday studies are turning down and daily readings are under pressure, highlighting room for a break beneath here. Focus will then turn to further congestion around 1.3700. But positive weekly charts should limit any initial tests in fresh consolidation. Meanwhile, resistance remains at 1.3900. A close above here, if seen, will improve price action and extend June gains towards strong resistance at 1.4000/20.