Published: 2025-08-15T15:41:03.000Z
Chart USD/CAD Update: Immediate tests above 1.3800 to remain limited
Senior Technical Strategist
3
Little change, as prices extend pressure on congestion resistance at 1.3800
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | break level | S1 | 1.3700 | ** | congestion | |
| R3 | 1.3900 | * | break level | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3860 | * | 29 May (w) high | S3 | 1.3550 | * | congestion | |
| R1 | 1.3800 | * | congestion | S4 | 1.3540 | ** | 16 Jun YTD low |
Asterisk denotes strength of level
16:20 BST - Little change, as prices extend pressure on congestion resistance at 1.3800. Beyond here is critical resistance at the 1.3860 weekly high of 29 May. But mixed/negative daily readings are expected to limit any initial tests in further consolidation, before rising weekly charts prompt a break. A close above here will turn sentiment positive and confirm continuation of mid-June gains from 1.3550. Meanwhile, support remains at congestion around 1.3700 and should underpin any immediate tests lower.