Published: 2025-12-11T16:49:40.000Z
Chart USD/CAD Update: Lower in both USD- and CAD-driven trade
1
Cautious trade has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | * | break level | S1 | 1.3770 | ** | 61.8% ret of Jun-Nov rally | |
| R3 | 1.3950 | * | break level | S2 | 1.3720~ | ** | Aug-Sep lows | |
| R2 | 1.3900 | ** | break level | S3 | 1.3680 | ** | 76.4% ret of Jun-Nov rally | |
| R1 | 1.3800 | ** | congestion | S4 | 1.3600 | * | congestion |
Asterisk denotes strength of level
16:35 GMT - Cautious trade has given way to anticipated losses, with prices currently pressuring support at the 1.3770 Fibonacci retracement in both USD- and CAD-driven trade. Daily studies are under pressure and broader weekly charts continue to track lower, highlighting a bearish tone and room for further losses in the coming sessions. A break below 1.3770 will add weight to already bearish price action and extend November losses towards the 1.3720~ lows from August-September. Meanwhile, a close back above congestion resistance at 1.3800 will help to stabilise price action and prompt consolidation beneath the 1.3900 break level.