Published: 2025-11-10T17:20:38.000Z
Chart USD/CAD Update: Leaning lower
1
The anticipated break above 1.4140 has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | * | congestion | S1 | 1.4000 | * | break level | |
| R3 | 1.4170 | ** | 50% ret of Feb-Jun fall | S2 | 1.3950 | * | pivot | |
| R2 | 1.4140 | * | 5-6 Nov (w) high | S3 | 1.3900 | ** | break level, 50% ret | |
| R1 | 1.4100 | * | break level | S4 | 1.3800 | ** | congestion |
Asterisk denotes strength of level
16:55 GMT - The anticipated break above 1.4140 has not been seen, with prices falling sharply in CAD-driven trade towards support at 1.4000. A minor bounce is developing from here, as oversold intraday studies unwind. But deteriorating daily readings are expected to limit scope in renewed selling interest beneath 1.4100. Following cautious/corrective trade, fresh losses are looked for. A break below 1.4000 will open up 1.3950. But mixed weekly charts are expected to limit any deeper losses in renewed buying interest towards 1.3900.