Published: 2025-11-17T16:26:49.000Z
Chart USD/CAD Update: Consolidating
2
Still little change, negative intraday studies stabilise and prompt extended consolidation within the 1.4000 - 1.4050 range
| 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
16:15 GMT - Still little change, negative intraday studies stabilise and prompt extended consolidation within the 1.4000 - 1.4050 range. Daily readings are also mixed, highlighting further range trade into the coming sessions. However, a close above resistance at 1.4050 would improve sentiment and open up 1.4100. Meanwhile, a close below 1.4000 would put focus on 1.3950. Initial tests could also give way to renewed consolidation.