Published: 2026-07-15T07:05:36.000Z
Chart USD/CAD Update: Consolidating at 1.4050, room for lower later
2
Break of the 1.4115 low of last week have seen sharp losses to reach support at the 1.4050 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4248 | ** | 24 Jun YTD high | S1 | 1.4050 | * | congestion | |
| R3 | 1.4200 | * | congestion | S2 | 1.4000 | * | congestion | |
| R2 | 1.4150 | ** | 2 Jul low | S3 | 1.3980 | * | 38.2% May/Jun rally | |
| R1 | 1.4100/15 | * | congestion, 10 Jul low | S4 | 1.3965 | ** | Mar high |
Asterisk denotes strength of level
07:00 GMT - Break of the 1.4115 low of last week have seen sharp losses to reach support at the 1.4050 congestion. Negative daily and weekly studies suggest consolidation here giving way to renewed selling pressure later. Lower will see room for deeper pullback to retrace strong gains from the 1.3550 May low to the 1.4000 level. Lower still, will see room to strong support at 1.3980/65, 38.2% Fibonacci retracement and March high. Meanwhile, resistance is lowered to 1.4100/15 area which should cap corrective bounce and sustain losses from 1.4248, June current year high.