Published: 2026-03-04T16:47:07.000Z
Chart USD/CAD Update: Cautious trade - room for a minor test lower
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Little change, as prices extend consolidation following the pullback from resistance at the 1.3755 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | ** | congestion | S1 | 1.3650 | minor congestion | ||
| R3 | 1.3755 | ** | 61.8% ret of Jan-Feb fall | S2 | 1.3600 | * | congestion | |
| R2 | 1.3725 | * | 6 Feb (m) high | S3 | 1.3550 | congestion | ||
| R1 | 1.3700 | * | congestion | S4 | 1.3500 | ** | congestion |
Asterisk denotes strength of level
16:30 GMT - Little change, as prices extend consolidation following the pullback from resistance at the 1.3755 Fibonacci retracement. Intraday studies are falling and daily readings are mixed/negative, suggesting room for a break below congestion support at 1.3650. But improving weekly charts should limit scope in renewed buying interest towards further congestion around 1.3600. Following cautious trade, fresh gains are looked for. But a close above 1.3700/25 is needed to turn sentiment positive and confirm continuation of late-January gains.