Published: 2026-06-16T15:51:11.000Z
Chart USD/CAD Update: Balanced in strong resistance - background studies rising
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Still little change, as prices extend cautious trade within the 1.3985 - 1.4025 strong resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4050 | break level | S1 | 1.3930 | intraday lows | |||
| R3 | 1.4025~ | * | 11 Jun YTD high | S2 | 1.3900 | ** | congestion | |
| R2 | 1.4000 | ** | break level | S3 | 1.3850 | congestion | ||
| R1 | 1.3985 | ** | 76.4% ret of Nov-May fall | S4 | 1.3800 | * | congestion |
Asterisk denotes strength of level
16:30 BST - Still little change, as prices extend cautious trade within the 1.3985 - 1.4025 strong resistance. Overbought daily stochastics are flattening and the positive daily Tension Indicator is leaning lower, suggesting potential for a minor pullback. However, rising weekly charts should limit any losses in renewed buying interest above the 1.3930 intraday lows. Following cautious/corrective trade, fresh gains are looked for. A close above the 1.4025~ current year high of 11 June will improve sentiment and extend May gains initially towards resistance at 1.4050.