Published: 2026-05-29T15:19:26.000Z
Chart USD/CAD Update: Choppy trade leaning lower
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Choppy trade is giving way to a fresh test lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | ** | congestion | S1 | 1.3750 | congestion | ||
| R3 | 1.3870 | ** | 76.4% ret of Mar-May fall | S2 | 1.3730 | * | recent lows | |
| R2 | 1.3840 | intraday break level | S3 | 1.3700 | ** | congestion | ||
| R1 | 1.3800 | * | congestion | S4 | 1.3640 | * | congestion |
Asterisk denotes strength of level
16:00 BST - Choppy trade is giving way to a fresh test lower, with the break below 1.3800 currently trading around 1.3785. Daily stochastics and the daily Tension Indicator are turning down, highlighting room for a test of congestion support at 1.3750. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above 1.3730. Meanwhile, resistance is lowered to congestion around 1.3800. A close above here would help to stabilise price action once again and give way to consolidation beneath 1.3840.