Published: 2026-08-28T15:25:53.000Z
Chart USD/CAD Update: Higher in both USD- and CAD-driven trade
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Cautious trade around congestion support at 1.3850 has given way to a sharp break higher in both USD- and CAD-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4050 | congestion | S1 | 1.3850 | congestion | |||
| R3 | 1.4000 | ** | break level | S2 | 1.3800 | ** | congestion | |
| R2 | 1.3950 | congestion | S3 | 1.3730~ | * | 21 Aug (w) low | ||
| R1 | 1.3900 | * | congestion | S4 | 1.3715 | ** | 76.4% ret of May-Jun rally |
Asterisk denotes strength of level
16:15 BST - Cautious trade around congestion support at 1.3850 has given way to a sharp break higher in both USD- and CAD-driven trade, with prices approaching congestion resistance at 1.3900. Daily stochastics and the daily Tension Indicator continue to rise, highlighting room for a test above here. But negative weekly charts should limit initial scope in renewed selling interest/consolidation beneath further congestion around 1.3950.
Meanwhile, a close below 1.3850 will turn sentiment neutral and give way to consolidation above further congestion around 1.3800.