Published: 2026-06-17T15:53:51.000Z
Chart USD/CAD Update: Fresh year highs in CAD-driven trade
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Cautious trade has given way to fresh gains in CAD-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4140 | ** | 5 Nov (m) high | S1 | 1.4000 | ** | break level | |
| R3 | 1.4100 | * | break level | S2 | 1.3930 | intraday lows | ||
| R2 | 1.4050 | break level | S3 | 1.3900 | ** | congestion | ||
| R1 | 1.4025~ | * | 11 Jun (w) high | S4 | 1.3850 | congestion |
Asterisk denotes strength of level
16:30 BST - Cautious trade has given way to fresh gains in CAD-driven trade, with prices currently posting fresh year highs just above the 1.4025~ weekly high of 11 June. Rising intraday studies highlight room for continuation of May gains towards 1.4050. But flat overbought daily stochastics and the flattening daily Tension Indicator should limit any immediate continuation beyond here in profit-taking/consolidation towards 1.4100. Meanwhile, support is raised to 1.4000. A close beneath here, if seen, will stabilise price action and prompt consolidation above the 1.3930 intraday lows.