Published: 2025-09-03T15:34:00.000Z
Chart USD/CAD Update: Cautious trade
Senior Technical Strategist
1
Little change, as prices extend cautious trade beneath congestion resistance at 1.3800
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4170 | ** | 50% ret of Feb-Jun fall | S1 | 1.3700 | ** | congestion | |
| R3 | 1.4000/20 | ** | break level; 38.2% ret | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3900 | ** | break level | S3 | 1.3550 | * | congestion | |
| R1 | 1.3800 | * | congestion | S4 | 1.3500 | ** | congestion |
Asterisk denotes strength of level
16:15 BST - Little change, as prices extend cautious trade beneath congestion resistance at 1.3800. Intraday studies are under pressure, highlighting room for a drift lower towards congestion around 1.3750. But mixed daily and weekly charts are expected to limit any deeper losses in renewed consolidation above the 1.3725 weekly low of 29 August. Meanwhile, a break back above 1.3800 would improve sentiment, and open up 1.3900. However, cautious daily and weekly studies are expected to prompt renewed selling interest towards here.