Published: 2026-06-24T16:12:34.000Z
Chart USD/CAD Update: Fresh year high - focus on strong resistance at the 1.4290 Fibonacci retracement
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Cautious trade has given way to another fresh year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4480 | ** | 76.4% ret of 2025-2026 fall | S1 | 1.4200 | ** | congestion | |
| R3 | 1.4400/15 | ** | congestion; April 2025 high | S2 | 1.4140 | ** | 5 Nov (m) high | |
| R2 | 1.4350 | * | congestion | S3 | 1.4000 | ** | break level | |
| R1 | 1.4290 | ** | 61.8% ret of 2025-2026 fall | S4 | 1.3930 | intraday lows |
Asterisk denotes strength of level
16:50 BST - Cautious trade has given way to another fresh year high, with the break above 1.4200 currently balanced beneath 1.4250~. Focus is on strong resistance at the 1.4290 Fibonacci retracement. But flat overbought daily stochastics are expected to limit any initial tests in consolidation, before rising weekly charts prompt a break and extend January gains towards historic congestion around 1.4350. Meanwhile, a close back below 1.4200 would turn sentiment neutral and prompt consolidation above the 1.4140 monthly high of 5 November.