Published: 2025-09-16T15:55:52.000Z
Chart USD/CAD Update: Room for lower
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The anticipated break below 1.3800 has reached 1.3735~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4170 | ** | 50% ret of Feb-Jun fall | S1 | 1.3725 | * | 29 Aug (w) low | |
| R3 | 1.4000/20 | ** | break level; 38.2% ret | S2 | 1.3700 | ** | congestion | |
| R2 | 1.3900 | ** | break level | S3 | 1.3600 | ** | congestion | |
| R1 | 1.3800 | * | congestion | S4 | 1.3539 | ** | 16 Jun YTD low |
Asterisk denotes strength of level
16:40 BST - The anticipated break below 1.3800 has reached 1.3735~, where oversold intraday studies are prompting short-term reactions. Daily readings are under pressure and weekly stochastics are turning down, highlighting room for further losses in the coming sessions. A break below the 1.3725 weekly low of 29 August will turn sentiment negative and extend late-August losses below 1.3700 towards 1.3600. Meanwhile, resistance is lowered to congestion around 1.3800. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 1.3900.