Published: 2026-06-18T15:53:22.000Z
Chart USD/CAD Update: Pressuring critical resistance in both USD- and CAD-driven trade
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Anticipated gains have extended in both USD- and CAD-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4290 | ** | 61.8% ret of 2025-2026 fall | S1 | 1.4000 | ** | break level | |
| R3 | 1.4200 | ** | congestion | S2 | 1.3930 | intraday lows | ||
| R2 | 1.4140 | ** | 5 Nov (m) high | S3 | 1.3900 | ** | congestion | |
| R1 | 1.4135 | ** | 50% ret of 2025-2026 fall | S4 | 1.3850 | congestion |
Asterisk denotes strength of level
16:30 BST - Anticipated gains have extended in both USD- and CAD-driven trade, with prices currently pressuring critical resistance at the 1.4135 Fibonacci retracement and the 1.4140 monthly high of 5 November. Overbought daily stochastics are flat, suggesting potential for consolidation around here, before the positive daily Tension Indicator and rising weekly charts prompt further gains. A close above here will improve sentiment and extend January gains initially towards congestion around 1.4200. Meanwhile, support remains down to 1.4000 and should underpin any immediate setbacks.