Published: 2025-09-26T08:09:43.000Z
Chart USD/CAD Update: Extending June gains
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Rally to break the 2-month range highs at 1.3900/25 has seen extension to the 1.3950 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4150/65 | * | Feb low, 50% | S1 | 1.3900 | congestion | ||
| R3 | 1.4100 | * | congestion | S2 | 1.3800 | * | Jun high, congestion | |
| R2 | 1.4000/20 | ** | congestion, 38.2% | S3 | 1.3720 | ** | Aug low | |
| R1 | 1.3950 | congestion | S4 | 1.3700 | * | congestion |
Asterisk denotes strength of level
08:00 GMT - Rally to break the 2-month range highs at 1.3900/25 has seen extension to the 1.3950 congestion. Both the daily and weekly studies are tracking higher and suggest room for further gains to retrace the February/June losses to the 1.4000 level and 1.4020, 38.2% Fibonacci level. Gains beyond this, if seen, will open up room to the 1.4100 congestion. Meanwhile, support is raised to the 1.3900 level which should now underpin and sustain bounce from the 1.3720 August/September range low.