Published: 2025-07-14T15:42:21.000Z
Chart USD/CAD Update: Extending pressure on 1.3700 - studies edging higher
Senior Technical Strategist
1
Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | * | break level | S1 | 1.3600 | ** | congestion | |
| R3 | 1.3860 | * | 29 May (w) high | S2 | 1.3550 | * | congestion | |
| R2 | 1.3800 | * | congestion | S3 | 1.3500 | * | congestion | |
| R1 | 1.3700 | ** | congestion | S4 | 1.3420 | ** | 25 Sep (m) low |
Asterisk denotes strength of level
16:30 BST - Still little change, as mixed intraday studies keep near-term sentiment cautious and extend pressure on congestion resistance at 1.3700. Overbought daily stochastics are turning down, suggesting room for a minor pullback towards 1.3650. But the rising daily Tension Indicator and improving weekly charts are expected to limit any deeper losses in renewed buying interest towards congestion support at 1.3600. Following cautious trade, fresh gains are looked for. A close above 1.3700 will open up further congestion around 1.3800, where negative longer-term readings could prompt selling interest.