Published: 2025-06-05T15:42:37.000Z
Chart USD/CAD Update: Fresh 2025 lows - room for lower
Senior Technical Strategist
2
Cautious trade has posted a fresh 2025 year low at 1.3635~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | * | break level | S1 | 1.3600 | ** | congestion | |
| R3 | 1.3900 | * | congestion | S2 | 1.3550 | * | congestion | |
| R2 | 1.3800 | congestion | S3 | 1.3550 | * | congestion | ||
| R1 | 1.3700 | ** | congestion | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of level
16:30 BST - Cautious trade has posted a fresh 2025 year low at 1.3635~, before bouncing back to 1.3660. Daily readings continue to track lower and weekly charts are also under pressure, highlighting room for extension of February losses in the coming sessions towards congestion support at 1.3600. Further slippage towards 1.3550 cannot be ruled out. Meanwhile, resistance remains at congestion around 1.3700. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 1.3800.