Published: 2026-04-27T15:48:12.000Z
Chart USD/CAD Update: Leaning lower
2
Cautious trade has given way to a fresh pullback in both USD- and CAD-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3850 | * | congestion | S1 | 1.3630 | ** | 76.4% ret of March rally | |
| R3 | 1.3800 | * | congestion | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3740 | * | break level | S3 | 1.3525 | * | 9 Mar (m) low | |
| R1 | 1.3700 | ** | congestion | S4 | 1.3480~ | ** | 30 Jan YTD low |
Asterisk denotes strength of level
16:35 BST - Cautious trade has given way to a fresh pullback in both USD- and CAD-driven trade, with prices currently pressuring support within the broad 1.3600 - 1.3630 range. Oversold intraday studies are flattening, suggesting room for consolidation within here. But deteriorating daily readings and bearish weekly charts point to room for further losses in the coming sessions. A close beneath here will add weight to sentiment and extend late-March losses towards the 1.3525 monthly low of 9 March. Meanwhile, resistance remains up to congestion around 1.3700 and should cap any immediate tests higher.