Published: 2025-03-14T16:40:18.000Z
Chart USD/CAD Update: Consolidating - studies leaning lower
Senior Technical Strategist
1
Still little change, as prices extend cautious trade around resistance at 1.4400
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4600 | figure | S1 | 1.4300 | * | break level | ||
| R3 | 1.4542 | * | 4 Mar (w) high | S2 | 1.4237 | * | 6 Mar (w) low | |
| R2 | 1.4500 | ** | congestion | S3 | 1.4150 | ** | 14 Feb YTD low | |
| R1 | 1.4400 | * | break level | S4 | 1.4100/10 | ** | congestion; 50% ret |
Asterisk denotes strength of level
16:20 GMT - Still little change, as prices extend cautious trade around resistance at 1.4400 following minor tests above here. Intraday studies have turned down and daily readings are negative, highlighting potential for a later move lower towards support at 1.4300. Beneath here is stronger support at the 1.4237 weekly low of 6 March, but mixed/positive weekly charts are expected to limit any initial tests of this range in fresh consolidation. Meanwhile, resistance remains up to 1.4400 and should cap any immediate tests higher.