Published: 2026-01-28T08:34:54.000Z
Chart USD/CAD Update: Under pressure, 1.3540 support at risk
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Break of support at the 1.3650 December low has seen losses to retest 1.3575/55, July lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3850 | * | congestion | S1 | 1.3575/55 | * | Jul lows | |
| R3 | 1.3800 | * | congestion, 23 Jan high | S2 | 1.3540 | ** | Jun 2025 year low | |
| R2 | 1.3700/25 | * | congestion, Aug/Sep lows | S3 | 1.3500 | * | congestion | |
| R1 | 1.3650 | ** | Dec low, congestion | S4 | 1.3420/00 | * | Sep 2024 low, 50% |
Asterisk denotes strength of level
08:25 GMT - Break of support at the 1.3650 December low has seen losses to retest 1.3575/55, July lows. Below this will see room to the 1.3540, June 2025 year low. Break here will extend the broader losses from the February 2025 year high and see deeper pullback to retrace gains from the 2021 year low. Lower will see room to the 1.3500 level and 1.3420/00 support and 50% fibonacci level. Meanwhile, resistance is lowered to the 1.3650, December low, which is expected to cap. Only above here will see room for stronger corrective bounce to 1.3700/25 resistance.