Published: 2026-09-09T14:47:35.000Z
Chart USD/CAD Update: Limited tests higher
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Cautious trade is giving way to a fresh test higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3950 | congestion | S1 | 1.3730~ | ** | 21 Aug (m) low | ||
| R3 | 1.3900 | * | congestion | S2 | 1.3715 | ** | 76.4% ret of May-Jun rally | |
| R2 | 1.3850 | congestion | S3 | 1.3700 | ** | congestion | ||
| R1 | 1.3800 | ** | congestion | S4 | 1.3665 | ** | 76.4% ret of Jan-Jun rally |
Asterisk denotes strength of level
15:35 BST - Cautious trade is giving way to a fresh test higher, with prices currently pressuring congestion resistance at 1.3800. Rising intraday studies highlight room for a test above here. But negative daily readings and mixed weekly charts should limit scope in renewed selling interest beneath further congestion around 1.3850.
Following cautious/corrective trade, fresh losses are looked for. Critical support remains at the 1.3715 Fibonacci retracement and the 1.3730~ monthly low of 21 August. A close beneath here will add weight to sentiment and confirm continuation of late-June losses, as the 1.3665 retracement then attracts.