Published: 2025-06-04T16:15:56.000Z
Chart USD/CAD Update: Fresh 2025 lows
Senior Technical Strategist
2
Cautious trade has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | * | break level | S1 | 1.3660 | fresh YTD low | ||
| R3 | 1.3900 | * | congestion | S2 | 1.3600 | ** | congestion | |
| R2 | 1.3800 | congestion | S3 | 1.3550 | * | congestion | ||
| R1 | 1.3700 | ** | congestion | S4 | 1.3550 | * | congestion |
Asterisk denotes strength of level
16:45 BST - Cautious trade has given way to anticipated losses, as intraday studies turn down, with prices posting a fresh 2025 year low at 1.3660. Daily readings are under pressure and broader weekly charts are also bearish, highlighting room for continuation of February losses towards congestion around 1.3600. Still further losses cannot be ruled out. Meanwhile, a close back above congestion resistance at 1.3700, if seen, will help to stabilise price action and give way to consolidation beneath 1.3800.