Published: 2025-11-18T16:42:12.000Z
Chart USD/CAD Update: Under pressure
1
Consolidation around resistance at 1.4050 has given way to a pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4170 | ** | 50% ret of Feb-Jun fall | S1 | 1.4000 | * | break level | |
| R3 | 1.4140 | * | 5-6 Nov (w) high | S2 | 1.3950 | * | pivot | |
| R2 | 1.4100 | * | break level | S3 | 1.3900 | ** | break level, 50% ret | |
| R1 | 1.4050 | * | break level | S4 | 1.3800 | ** | congestion |
Asterisk denotes strength of level
16:30 GMT - Consolidation around resistance at 1.4050 has given way to a pullback, as intraday studies turn down, with prices currently pressuring support at the 1.4000 break level. Daily readings are turning down and broader weekly charts are coming under pressure, highlighting room for further losses in the coming sessions. A break below 1.4000 will open up 1.3950. But a further close below 1.3900 is needed to turn sentiment outright negative and confirm continuation of November losses. Meanwhile, a break above 1.4050, if seen, will help to stabilise price action and give way to consolidation beneath the 1.4100 break level.