Published: 2025-07-08T15:22:07.000Z
Chart USD/CAD Update: Consolidating - studies continue to edge higher

Senior Technical Strategist
4
Little change, as mixed intraday studies keep near-term sentiment cautious
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
16:15 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation beneath congestion resistance at 1.3700. Daily readings have ticked higher, and weekly charts are improving, suggesting room for a break above here. However, negative longer-term readings are expected to limit scope in renewed selling interest beneath further congestion around 1.3800. Meanwhile, support remains at congestion around 1.3600 and extends to further congestion around 1.3550. This range should underpin any immediate setbacks.