Published: 2026-09-15T15:35:32.000Z
Chart USD/CAD Update: Range trade - daily studies rising
1
Little change, as prices extend cautious trade within the tight 1.3900 - 1.3925 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | break level | S1 | 1.3900 | * | congestion | |
| R3 | 1.3985 | ** | 50% ret of Jun-Aug fall | S2 | 1.3850 | congestion | ||
| R2 | 1.3950 | congestion | S3 | 1.3800 | ** | congestion | ||
| R1 | 1.3925 | * | 38.2% ret of Jun-Aug fall | S4 | 1.3730~ | ** | 21 Aug (m) low |
Asterisk denotes strength of level
16:10 BST - Little change, as prices extend cautious trade within the tight 1.3900 - 1.3925 range. Intraday studies are under pressure, suggesting room for a test below congestion support at 1.3900. But rising daily readings should limit scope in renewed buying interest above further congestion around 1.3850.
Following cautious/corrective trade, fresh gains are looked for. A later close above the 1.3925 Fibonacci retracement will open up congestion around 1.3950. But already overbought daily stochastics should limit any immediate continuation beyond here in profit-taking towards the 1.3685 retracement and 1.4000.