Published: 2026-04-24T15:44:17.000Z
Chart USD/CAD Update: Cautious trade
2
Little change, as prices extend consolidation following the anticipated test above congestion resistance at 1.3700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3850 | * | congestion | S1 | 1.3630 | ** | 76.4% ret of March rally | |
| R3 | 1.3800 | * | congestion | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3740 | * | break level | S3 | 1.3525 | * | 9 Mar (m) low | |
| R1 | 1.3700 | ** | congestion | S4 | 1.3480~ | ** | 30 Jan YTD low |
Asterisk denotes strength of level
16:25 BST - Little change, as prices extend consolidation following the anticipated test above congestion resistance at 1.3700. Oversold daily stochastics continue to unwind and the bearish daily Tension Indicator is flattening, suggesting room for a fresh test above here. But negative weekly charts should limit any break in renewed selling interest beneath 1.3740. Following cautious/corrective trade, fresh losses are looked for. However, a close below support at the 1.3630 Fibonacci retracement is needed to add weight to sentiment and extend late-March losses towards congestion around 1.3600.