Published: 2025-09-08T15:48:09.000Z
Chart USD/CAD Update: Choppy in range
Senior Technical Strategist
3
Little change, as prices extend cautious/choppy trade above congestion support at 1.380
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | ** | congestion | S1 | 1.3800 | * | congestion | |
| R3 | 1.4170 | ** | 50% ret of Feb-Jun fall | S2 | 1.3725 | * | 29 Aug (w) low | |
| R2 | 1.4000/20 | ** | break level; 38.2% ret | S3 | 1.3700 | ** | congestion | |
| R1 | 1.3900 | ** | break level | S4 | 1.3600 | ** | congestion |
Asterisk denotes strength of level
16:30 BST - Little change, as prices extend cautious/choppy trade above congestion support at 1.3800. Daily stochastics are rising, suggesting room for fresh gains. But the daily Tension Indicator is coming under renewed pressure and weekly stochastics are flat in overbought areas, pointing to profit-taking pressure towards resistance at 1.3900. Meanwhile, a close below 1.3800 will turn sentiment neutral once again and give way to consolidation above strong support at 1.3700/25.