Published: 2025-06-13T16:03:03.000Z
Chart USD/CAD Update: Fresh 2025 year low
Senior Technical Strategist
5
Cautious trade is giving way to fresh losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | * | congestion | S1 | 1.3550 | * | congestion | |
| R3 | 1.3800 | congestion | S2 | 1.3500 | * | congestion | ||
| R2 | 1.3700 | ** | congestion | S3 | 1.3472 | * | 2 Oct 2024 (m) low | |
| R1 | 1.3600 | ** | congestion | S4 | 1.3420 | ** | 25 Sep 2024 (m) low |
Asterisk denotes strength of level
16:40 BST - Cautious trade is giving way to fresh losses, as intraday studies turn down, with the break below 1.3600 currently trading at fresh 2025 year lows. Both daily and weekly readings are negative, highlighting a bearish tone and room for still deeper losses in the coming sessions. Focus is on congestion around 1.3550, with room for continuation of February losses towards 1.3500. Meanwhile, a close back above 1.3600, if seen, would help to stabilise price action and prompt fresh consolidation beneath further congestion around 1.3700.