Published: 2026-07-22T15:48:59.000Z
Chart USD/CAD Update: Limited tests higher
1
Little change, as prices extend cautious trade around congestion resistance at 1.4100
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4248 | ** | 24 Jun YTD high | S1 | 1.4050 | break level | ||
| R3 | 1.4200 | ** | congestion | S2 | 1.4000 | ** | break level | |
| R2 | 1.4150 | * | congestion base | S3 | 1.3980 | ** | 38.2% ret of May-Jun rally | |
| R1 | 1.4100 | * | congestion | S4 | 1.3930 | intraday lows |
Asterisk denotes strength of level
16:20 BST - Little change, as prices extend cautious trade around congestion resistance at 1.4100. Oversold daily stochastics are unwinding, suggesting room for a retest above here. But the flat daily Tension Indicator and deteriorating weekly charts should limit scope in renewed selling interest towards 1.4150. Following corrective trade, fresh losses are looked for. Immediate support is at 1.4050. But a close below the the 1.4000 break level and the 1.3980 Fibonacci retracement would add weight to sentiment and extend June losses towards strong support at 1.3900.