Published: 2026-07-29T16:04:56.000Z
Chart USD/CAD Update: Cautious trade
1
Little change, as prices extend cautious trade beneath congestion resistance at 1.4100
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4248 | ** | 24 Jun YTD high | S1 | 1.4050 | break level | ||
| R3 | 1.4200 | ** | congestion | S2 | 1.4000 | ** | break level | |
| R2 | 1.4150 | * | congestion base | S3 | 1.3980 | ** | 38.2% ret of May-Jun rally | |
| R1 | 1.4100 | * | congestion | S4 | 1.3930 | intraday lows |
Asterisk denotes strength of level
16:20 BST - Little change, as prices extend cautious trade beneath congestion resistance at 1.4100. Daily readings continue to rise, suggesting room for a test back above here. But deteriorating weekly charts should limit scope in renewed selling interest beneath 1.4150. Following cautious trade, fresh losses are looked for. Focus is expected to turn to support at 1.4050, with a later break opening up critical support at the 1.3980 Fibonacci retracement and 1.4000 break level.