Published: 2025-06-19T15:18:44.000Z
Chart USD/CAD Update: Extending gains
Senior Technical Strategist
-
The anticipated break above 1.3700 has reached 1.3745
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | congestion | S1 | 1.3700 | ** | congestion | |
| R3 | 1.3900 | * | congestion | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3860 | * | 29 May (w) high | S3 | 1.3550 | * | congestion | |
| R1 | 1.3800 | congestion | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of level
16:10 BST - The anticipated break above 1.3700 has reached 1.3745, where flat overbought intraday studies are prompting short-term reactions. Daily readings continue to rise, highlighting a constructive tone and room for further strength in both USD- and CAD-driven trade. Focus is turning to congestion around 1.3800. But already overbought daily stochastics and mixed weekly charts could limit any initial tests in renewed consolidation. Meanwhile, support is raised to congestion around 1.3700. A close back beneath here, if seen, will stabilise price action and give way to consolidation above 1.3600.