Published: 2025-10-07T16:09:05.000Z
Chart USD/CAD Update: Consolidating
1
Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation above 1.3950
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4300 | * | congestion | S1 | 1.3900 | ** | break level | |
| R3 | 1.4200 | ** | break level | S2 | 1.3800 | * | congestion | |
| R2 | 1.4170 | ** | 50% ret of Feb-Jun fall | S3 | 1.3725 | * | 29 Aug (w) low | |
| R1 | 1.4000/20 | ** | break level; 38.2% ret | S4 | 1.3700 | ** | congestion |
Asterisk denotes strength of level
16:55 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation above 1.3950. Daily readings are turning down, unwinding negative divergence, suggesting room for a move lower towards support at 1.3900. But rising weekly charts should limit any break beneath here in renewed buying interest above congestion around 1.3800. Meanwhile, resistance is strong at 1.4000 and the 1.4020 Fibonacci retracement. A close above here would turn sentiment positive and confirm continuation of June gains towards the 1.4170 retracement.