Published: 2026-01-26T08:56:00.000Z
Chart USD/CAD Update: Under pressure
1
Break of the 1.3700 level see prices extending losses from resistance at the 1.3930 high and threaten retest of 1.3650/40 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900/30 | ** | congestion, 16 Jan high | S1 | 1.3650/40 | ** | congestion, 26 Dec low | |
| R3 | 1.3850 | * | congestion | S2 | 1.3600 | * | congestion | |
| R2 | 1.3800 | * | congestion | S3 | 1.3575/55 | * | Jul lows | |
| R1 | 1.3725 | * | congestion | S4 | 1.3540 | ** | Jun 2025 year low |
Asterisk denotes strength of level
08:50 GMT - Break of the 1.3700 level see prices extending losses from resistance at the 1.3930 high and threaten retest of 1.3650/40 support. Negative daily and weekly studies threatens break open up room for retest of July lows at 1.3575/55. Below this will turn focus to the 1.3450, June 2025 year low. Break here will further retrace the 2021/2025 rally. Meanwhile, resistance is lowered to 1.3725/1.3800 congestion area which is expected to cap and sustain losses from the 1.3930, 16 January high.