Published: 2025-08-14T15:25:14.000Z
Chart USD/CAD Update: Higher in range
Senior Technical Strategist
1
Cautious trade has given way to a fresh test higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | break level | S1 | 1.3700 | ** | congestion | |
| R3 | 1.3900 | * | break level | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3860 | * | 29 May (w) high | S3 | 1.3550 | * | congestion | |
| R1 | 1.3800 | * | congestion | S4 | 1.3540 | ** | 16 Jun YTD low |
Asterisk denotes strength of level
16:15 BST - Cautious trade has given way to a fresh test higher, as intraday studies turn up, with prices currently pressuring congestion resistance at 1.3800. Beyond here is critical resistance at the 1.3860 weekly high of 29 May. But mixed/negative daily readings are expected to limit any initial tests in further consolidation, before rising weekly charts prompt a break. A close above will turn sentiment positive and confirm continuation of mid-June gains from 1.3550. Meanwhile, support remains at congestion around 1.3700 and should underpin any immediate tests lower.