Chart USD/CAD Update: Turning away from year high in both USD- and CAD-driven trade
Cautious trade beneath the 1.4248 current year high of 24 June is giving way to a pullback in both USD- and CAD-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4350 | * | congestion | S1 | 1.4140 | ** | 5 Nov (m) high | |
| R3 | 1.4290 | ** | 61.8% ret of 2025-2026 fall | S2 | 1.4000 | ** | break level | |
| R2 | 1.4248 | * | 24 Jun YTD high | S3 | 1.3930 | intraday lows | ||
| R1 | 1.4200 | * | congestion | S4 | 1.3900 | ** | congestion |
Asterisk denotes strength of level
16:30 BST - Cautious trade beneath the 1.4248 current year high of 24 June is giving way to a pullback in both USD- and CAD-driven trade, with prices once again trading below 1.4200. A tick lower in overbought daily stochastics highlights room for a test of support at the 1.4140 monthly high of 5 November. But the positive daily Tension Indicator and rising weekly charts should limit any immediate break in renewed buying interest/consolidation above support at 1.4000. Meanwhile, a close above 1.4200 would help to improve sentiment once again and extend January gains towards historic congestion around 1.4350.