Published: 2026-01-13T16:28:16.000Z
Chart USD/CAD Update: Cautious trade - more positive above 1.3900~
1
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
16:20 GMT - Little change, as prices extend cautious trade. A minor tick higher is appearing, putting focus on resistance at 1.3900/20. But a tick lower in overbought daily stochastics is expected to limit any initial tests in consolidation, before the rising daily Tension Indicator and improving weekly charts prompt a break. A close above this range will turn sentiment positive and extend late-December gains initially to the 1.3950 Fibonacci retracement. Meanwhile, support remains at congestion around 1.3850. A break, if seen, should give way to consolidation above further congestion around 1.3800.