Published: 2025-06-20T15:23:04.000Z
Chart USD/CAD Update: Room for higher in CAD-driven trade
Senior Technical Strategist
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Little change, as prices extend cautious trade above congestion support at 1.3700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | congestion | S1 | 1.3700 | ** | congestion | |
| R3 | 1.3900 | * | congestion | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3860 | * | 29 May (w) high | S3 | 1.3550 | * | congestion | |
| R1 | 1.3800 | congestion | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of level
16:10 BST - Little change, as prices extend cautious trade above congestion support at 1.3700. Intraday studies have ticked higher and daily readings continue to strengthen, highlighting a constructive tone and room for further strength in CAD-driven trade. Focus is on congestion around 1.3800. But already overbought daily stochastics and mixed weekly charts could limit any initial tests in renewed consolidation. Meanwhile, a close back below 1.3700 would stabilise price action and give way to consolidation above 1.3600.