Published: 2026-04-07T16:26:56.000Z
Chart USD/CAD Update: Strong support at 1.3870
2
Little change, as prices extend cautious trade above congestion support at 1.3900
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4050 | * | congestion | S1 | 1.3900 | * | congestion | |
| R3 | 1.4000 | ** | congestion | S2 | 1.3870 | * | 2 Apr (w) low | |
| R2 | 1.3985 | ** | 76.4% ret of Nov-Jan fall | S3 | 1.3850 | * | congestion | |
| R1 | 1.3965 | * | 31 Mar YTD high | S4 | 1.3800 | * | congestion |
Asterisk denotes strength of level
17:00 BST - Little change, as prices extend cautious trade above congestion support at 1.3900. Intraday studies are under pressure and daily readings continue to fall, suggesting room for a pullback in the coming sessions. A break below 1.3900 will open up the 1.3870 weekly low of 2 April. A further close beneath here would turn sentiment negative and extend losses below 1.3850 towards congestion around 1.3800. Meanwhile, a close above the 14.3965 current year high of 31 March is needed to turn sentiment positive and confirm continuation of late-January gains initially to the 1.3985 Fibonacci retracement.