Published: 2025-11-28T07:47:26.000Z
Chart USD/CAD Update: Under pressure, room to 1.4000/1.3970 support
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Prices remain under pressure following break of the 1.4080 support to open up room for deeper pullback to 1.4000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | * | congestion | S1 | 1.4000 | * | congestion | |
| R3 | 1.4165 | * | 50% Feb/Jun fall | S2 | 1.3970 | * | 18 Nov low | |
| R2 | 1.4140 | ** | 5,6 Nov highs | S3 | 1.3925/00 | * | Aug high, congestion | |
| R1 | 1.4080 | * | Oct high | S4 | 1.3800 | ** | congestion |
Asterisk denotes strength of level
07:40 GMT - Prices remain under pressure following break of the 1.4080 support to open up room for deeper pullback to the 1.4000 level. Daily and weekly studies are unwinding overbought readings and see room for break here and the 1.3970 support to confirm a double top at the 1.4130/40 highs and see deeper pullback to retrace the June/November rally. Lower will see potential to strong support at 1.3925/00 area. Meanwhile, resistance at the 1.4080/1.4100 October high and congestion area is expected to cap and sustain pullback from 1.4130/40 highs.