Published: 2026-09-18T16:34:44.000Z
Chart USD/CAD Update: Balanced at resistance - studies improving
1
Little change, as prices extend cautious trade within the tight 1.3985 - 1.4000 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4125 | ** | 76.4% ret of Jun-Aug fall | S1 | 1.3950 | congestion | ||
| R3 | 1.4050 | ** | 61.8% ret, congestion | S2 | 1.3900 | * | congestion | |
| R2 | 1.4000 | ** | break level | S3 | 1.3850 | congestion | ||
| R1 | 1.3985 | ** | 50% ret of Jun-Aug fall | S4 | 1.3800 | ** | congestion |
Asterisk denotes strength of level
16:55 BST - Little change, as prices extend cautious trade within the tight 1.3985 - 1.4000 resistance. Daily readings are mixed/positive and broader weekly charts are rising, highlighting room for a break above here, and continuation of late-August gains towards resistance at 1.4050. However, already overbought daily stochastics could limit any initial tests in fresh profit-taking/consolidation.
Meanwhile, support remains at congestion around 1.3950. A close beneath here, if seen, will stabilise sentiment and prompt consolidation above further congestion around 1.3900.