Published: 2026-07-21T15:44:12.000Z
Chart USD/CAD Update: Further gains to remain limited
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Cautious trade is giving way to fresh gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4248 | ** | 24 Jun YTD high | S1 | 1.4000 | ** | break level | |
| R3 | 1.4200 | ** | congestion | S2 | 1.3980 | ** | 38.2% ret of May-Jun rally | |
| R2 | 1.4150 | * | congestion base | S3 | 1.3930 | intraday lows | ||
| R1 | 1.4100 | * | congestion | S4 | 1.3900 | ** | congestion, 50% ret |
Asterisk denotes strength of level
16:35 BST - Cautious trade is giving way to fresh gains, with prices currently pressuring congestion resistance at 1.4100 in both USD- and CAD-driven gains. A tick higher in oversold daily stochastics highlights room for a test above here. But the bearish daily Tension Indicator and deteriorating weekly charts should limit any break in renewed selling interest towards 1.4150. Following corrective trade, fresh losses are looked for. Support remains at 1.4000 and extends to the 1.3980 Fibonacci retracement. A close beneath here will add weight to sentiment and extend June losses towards strong support at 1.3900.