Published: 2025-12-24T13:05:15.000Z
Chart USD/CAD Update: Extending pressure on the 1.3680 Fibonacci retracement
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | ** | break level | S1 | 1.3680 | ** | 76.4% ret of Jun-Nov rally | |
| R3 | 1.3850 | congestion | S2 | 1.3600 | * | congestion | ||
| R2 | 1.3800 | ** | congestion | S3 | 1.3539 | ** | 16 Jun YTD low | |
| R1 | 1.3720~ | ** | Aug-Sep lows | S4 | 1.3500 | ** | congestion |
Asterisk denotes strength of level
12:30 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around support at the 1.3680 Fibonacci retracement. Daily readings are under pressure and broader weekly charts are bearish, highlighting room for further losses in the coming sessions. A close beneath here will add weight to sentiment and extend November losses towards congestion around 1.3600. Meanwhile, resistance is lowered to the 1.3720~ lows from August-September. A close above here would help to stabilise price action and prompt consolidation beneath congestion around 1.3800.