Published: 2026-06-22T15:59:16.000Z
Chart USD/CAD Update: Extending January gains
-
Cautious trade has given way to fresh year high just shy of congestion resistance at 1.4200
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4400/15 | ** | congestion; April 2025 high | S1 | 1.4140 | ** | 5 Nov (m) high | |
| R3 | 1.4350 | * | congestion | S2 | 1.4000 | ** | break level | |
| R2 | 1.4290 | ** | 61.8% ret of 2025-2026 fall | S3 | 1.3930 | intraday lows | ||
| R1 | 1.4200 | ** | congestion | S4 | 1.3900 | ** | congestion |
Asterisk denotes strength of level
16:35 BST - Cautious trade has given way to fresh year high just shy of congestion resistance at 1.4200. Daily readings are positive and weekly charts are also rising, highlighting potential for further strength in the coming sessions. A close above here will improve sentiment and extend January gains towards the 1.4290 Fibonacci retracement. But already overbought weekly stochastics could limit any initial tests in profit-taking/consolidation. Meanwhile, support remains at the 1.4140 monthly high of 5 November. A close beneath here would turn sentiment neutral and give way to consolidation above support at 1.4000.