Published: 2026-07-01T15:39:00.000Z
Chart USD/CAD Update: Balanced around support - daily studies under pressure
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Little change, as prices extend choppy trade around congestion support at 1.4200
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4400 | * | congestion | S1 | 1.4200 | * | congestion | |
| R3 | 1.4350 | * | congestion | S2 | 1.4140 | ** | 5 Nov (m) high | |
| R2 | 1.4290 | ** | 61.8% ret of 2025-2026 fall | S3 | 1.4000 | ** | break level | |
| R1 | 1.4248 | * | 24 Jun YTD high | S4 | 1.3930 | intraday lows |
Asterisk denotes strength of level
16:20 BST - Little change, as prices extend choppy trade around congestion support at 1.4200. Daily stochastics continue to track lower and the daily Tension Indicator is also deteriorating, highlighting room for a break back beneath here towards the 1.4140 monthly high of 5 November. However, mixed/positive weekly charts should limit any tests in renewed buying interest/consolidation. Following cautious/ corrective trade, fresh gains are looked for. However, a close above the 1.4248 current year high of 24 June is needed to turn sentiment positive and extend January gains initially towards the 1.4290 Fibonacci retracement.