Published: 2025-11-11T16:42:49.000Z
Chart USD/CAD Update: Room for further losses
1
Little change, as the minor bounce from support at the 1.4000 break level settles back into consolidation above here
| 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
16:20 GMT - Little change, as the minor bounce from support at the 1.4000 break level settles back into consolidation above here. Intraday studies have turned down and daily readings continue to deteriorate, highlighting room for further losses in the coming sessions. A break below 1.4000 will add weight to sentiment and open up 1.3950. A tick lower in overbought weekly stochastics suggests potential for continuation towards 1.3900. Meanwhile, resistance remains up to the 1.4100 break level, and should cap any immediate tests higher.