Published: 2026-05-06T15:59:32.000Z
Chart USD/CAD Update: Cautious trade
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Little change, as prices extend cautious trade above congestion support at 1.3600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3800 | * | congestion | S1 | 1.3600 | ** | congestion | |
| R3 | 1.3740 | * | break level | S2 | 1.3550 | * | 1 May (w) low | |
| R2 | 1.3700 | ** | congestion | S3 | 1.3525 | * | 9 Mar (m) low | |
| R1 | 1.3670 | * | intraday lows | S4 | 1.3480~ | ** | 30 Jan YTD low |
Asterisk denotes strength of level
16:25 BST - Little change, as prices extend cautious trade above congestion support at 1.3600. Daily readings are improving, suggesting room for further strength in the coming sessions. Resistance is up to the 1.3670 intraday lows and extends to congestion around 1.3700. However, negative weekly charts should limit any tests of this range in renewed selling interest/consolidation. Following cautious/corrective trade, fresh losses are looked for. A close below congestion support at 1.3600 will add weight to sentiment and open up lows down to the 1.3525 monthly low of 9 March.