Published: 2025-08-08T15:51:23.000Z
Chart USD/CAD Update: Consolidating - daily studies under pressure
Senior Technical Strategist
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Little change, as prices extend cautious trade around 1.3750
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | break level | S1 | 1.3700 | ** | congestion | |
| R3 | 1.3900 | * | break level | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3860 | * | 29 May (w) high | S3 | 1.3550 | * | congestion | |
| R1 | 1.3800 | * | congestion | S4 | 1.3540 | ** | 16 Jun YTD low |
Asterisk denotes strength of level
16:45 BST - Little change, as prices extend cautious trade around 1.3750. Daily readings continue to track lower, suggesting room for a later test of congestion support at 1.3700. But rising weekly charts should limit any deeper losses in renewed buying interest above further congestion around 1.3600. Meanwhile, resistance remains at congestion around 1.3800 and extends to the 1.3860 weekly high of 29 May. This broad range should cap any immediate tests higher.