Published: 2026-03-10T17:03:11.000Z
Chart USD/CAD Update: Range trade - studies under pressure
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Little change, as prices extend cautious trade within the 1.3550 - 1.3600 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3725 | * | 6 Feb (m) high | S1 | 1.3550 | congestion | ||
| R3 | 1.3700 | * | congestion | S2 | 1.3500 | ** | congestion | |
| R2 | 1.3650 | congestion | S3 | 1.3480~ | ** | 30 Jan YTD low | ||
| R1 | 1.3600 | * | congestion | S4 | 1.3420 | ** | September 2024 low |
Asterisk denotes strength of level
16:45 GMT - Little change, as prices extend cautious trade within the 1.3550 - 1.3600 range. Daily readings continue to track lower and broader weekly charts are also bearish, highlighting room for a later break below congestion support at 1.3550, with focus to then turn towards strong support at the 1.3480~ current year low of 30 January and congestion around 1.3500. By-then oversold daily stochastics could limit any initial tests in consolidation, before further losses unfold. Meanwhile, any tests above congestion resistance at 1.3600 should be limited to further congestion around 1.3650.