Published: 2026-07-23T15:06:58.000Z
Chart USD/CAD Update: Choppy in range
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Little change, as prices extend cautious/choppy trade within the 1.4050 - 1.4100 range
| 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/choppy trade within the 1.4050 - 1.4100 range. Daily stochastics are rising, suggesting room for a test above congestion resistance at 1.4100. But the flat daily Tension Indicator and deteriorating weekly charts should limit scope in renewed selling interest towards 1.4150. Following cautious/corrective trade, fresh losses are looked for. Immediate support is at 1.4050. But a close below the the 1.4000 break level and the 1.3980 Fibonacci retracement would add weight to sentiment and extend June losses towards strong support at 1.3900.