Published: 2025-10-29T16:41:12.000Z
Chart USD/CAD Update: Under pressure
1
Cautious trade has given way to a fresh CAD-driven fall
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4170 | ** | 50% ret of Feb-Jun fall | S1 | 1.3900 | ** | break level, 50% ret | |
| R3 | 1.4080 | ** | 14 Oct (w) high | S2 | 1.3865 | ** | 61.8% ret of Aug-Oct rally | |
| R2 | 1.4000 | * | break level | S3 | 1.3800/10 | ** | cong, 76.4% ret | |
| R1 | 1.3950 | * | pivot | S4 | 1.3725~ | ** | 29 Aug - 17 Sep lows |
Asterisk denotes strength of level
16:20 GMT - Cautious trade has given way to a fresh CAD-driven fall, with prices currently trading just below 1.3900. Daily readings remain negative and broader weekly charts are under fresh pressure, highlighting room for further losses in the coming sessions. A break beneath 1.3900 will add weight to sentiment and extend losses towards the 1.3865 Fibonacci retracement. Beneath here is 1.3800/10, but already oversold daily stochastics could limit any tests, if seen, in consolidation/short-covering. Meanwhile, a close back above resistance at 1.3950 would help to stabilise price action and prompt consolidation beneath 1.4000.