Published: 2025-07-25T15:55:01.000Z
Chart USD/CAD Update: Room for higher
Senior Technical Strategist
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The bounce from 1.3600 is testing levels just above congestion resistance at 1.3700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | * | break level | S1 | 1.3600 | ** | congestion | |
| R3 | 1.3860 | * | 29 May (w) high | S2 | 1.3550 | * | congestion | |
| R2 | 1.3800 | * | congestion | S3 | 1.3500 | * | congestion | |
| R1 | 1.3700 | ** | congestion | S4 | 1.3420 | ** | 25 Sep (m) low |
Asterisk denotes strength of level
16:30 BST - The bounce from 1.3600 is testing levels just above congestion resistance at 1.3700. Rising intraday studies and a tick higher in daily stochastics highlight room for continuation beyond here towards further congestion around 1.3800. Broader weekly charts are also rising. But a close above 1.3800 is needed to turn sentiment positive and confirm continuation of June gains, initially to the 1.3860 weekly high of 29 May. Meanwhile, support remains at congestion around 1.3600 and extends to 1.3550. This range should underpin any immediate setbacks.