Published: 2026-06-19T15:38:01.000Z
Chart USD/CAD Update: Fresh year highs
3
Cautious trade has given way to fresh year highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4400/15 | ** | congestion; April 2025 high | S1 | 1.4140 | ** | 5 Nov (m) high | |
| R3 | 1.4350 | * | congestion | S2 | 1.4000 | ** | break level | |
| R2 | 1.4290 | ** | 61.8% ret of 2025-2026 fall | S3 | 1.3930 | intraday lows | ||
| R1 | 1.4200 | ** | congestion | S4 | 1.3900 | ** | congestion |
Asterisk denotes strength of level
16:25 BST - Cautious trade has given way to fresh year highs, with January gains approaching congestion resistance at 1.4200. Daily readings are positive and weekly charts are also rising, highlighting potential for a test above here. Focus will then turn to the 1.4290 Fibonacci retracement. But already overbought weekly stochastics could limit any initial tests in profit-taking/consolidation. Meanwhile, support is raised to the 1.4140 monthly high of 5 November. A close beneath here would turn sentiment neutral and give way to consolidation above support at 1.4000.