Published: 2026-05-21T15:44:33.000Z
Chart USD/CAD Update: Extending gains
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Cautious trade above the 1.3730 recent lows has given way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | ** | congestion | S1 | 1.3730 | * | recent lows | |
| R3 | 1.3870 | ** | 76.4% ret of Mar-May fall | S2 | 1.3700 | ** | congestion | |
| R2 | 1.3840 | intraday break level | S3 | 1.3640 | break level | |||
| R1 | 1.3800/10 | ** | congestion; 61.8% ret | S4 | 1.3600 | ** | congestion |
Asterisk denotes strength of level
16:30 BST - Cautious trade above the 1.3730 recent lows has given way to anticipated gains, as intraday studies turn higher, with prices currently consolidating the test of strong resistance at 1.3800/10. Daily readings are improving and broader weekly charts are rising, highlighting room for further strength in the coming sessions. A close above here will improve sentiment and extend May gains initially to 1.3840. Meanwhile, support remains at 1.3730 and extends to congestion around 1.3700. This range should underpin any immediate setbacks.