Published: 2026-01-14T17:05:05.000Z
Chart USD/CAD Update: Consolidating
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Still little change, as prices extend cautious trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4020 | ** | 76.4% ret of Nov-Dec fall | S1 | 1.3850 | congestion | ||
| R3 | 1.4000 | ** | congestion | S2 | 1.3800 | ** | congestion | |
| R2 | 1.3950 | ** | 61.8% ret of Nov-Dec fall | S3 | 1.3700 | * | congestion | |
| R1 | 1.3900/20 | ** | break level; 9 Jan (w) high | S4 | 1.3640 | * | 26 Dec (w) low |
Asterisk denotes strength of level
16:45 GMT - Still little change, as prices extend cautious trade. Intraday studies have turned down and overbought daily stochastics are unwinding, highlighting room for a test of congestion support at 1.3850. But the positive daily Tension Indicator and rising weekly charts should limit any break in renewed buying interest above further congestion around 1.3800. Following cautious trade, fresh gains are looked for. Resistance remains at 1.3900/20. A close above this range will turn sentiment positive and extend late-December gains initially to the 1.3950 Fibonacci retracement.