Published: 2026-05-13T15:27:26.000Z
Chart USD/CAD Update: Room for higher
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Little change, as prices extend cautious trade around congestion support at 1.3700
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3840 | intraday break level | S1 | 1.3700 | ** | congestion | ||
| R3 | 1.3800/10 | ** | congestion; 61.8% ret | S2 | 1.3640 | break level | ||
| R2 | 1.3760 | ** | 50% ret of Mar-May fall | S3 | 1.3600 | ** | congestion | |
| R1 | 1.3740 | * | break level | S4 | 1.3550 | * | 1 May (w) low |
Asterisk denotes strength of level
16:10 BST - Little change, as prices extend cautious trade around congestion support at 1.3700. Daily studies are rising, highlighting room for a fresh test above here towards resistance at the 1.3740 break level and the 1.3760 Fibonacci retracement. However, flattening overbought daily stochastics and mixed weekly charts could limit any initial tests in consolidation. A break, however, will improve sentiment and extend gains towards strong resistance within 1.3800/10. Meanwhile, a close back below 1.3700 would help to stabilise price action and prompt consolidation above 1.3640.