Published: 2025-09-18T15:45:19.000Z
Chart USD/CAD Update: Limited scope above 1.3800
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Choppy trade following the bounce from strong support at the 1.3725 weekly low of 29 August is giving way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4170 | ** | 50% ret of Feb-Jun fall | S1 | 1.3725 | * | 29 Aug (w) low | |
| R3 | 1.4000/20 | ** | break level; 38.2% ret | S2 | 1.3700 | ** | congestion | |
| R2 | 1.3900 | ** | break level | S3 | 1.3600 | ** | congestion | |
| R1 | 1.3800 | * | congestion | S4 | 1.3539 | ** | 16 Jun YTD low |
Asterisk denotes strength of level
16:25 BST - Choppy trade following the bounce from strong support at the 1.3725 weekly low of 29 August is giving way to further gains, with prices currently pressuring congestion resistance at 1.3800. Intraday studies are rising and oversold daily stochastics are unwinding, suggesting potential for a test above here. But the bearish daily Tension Indicator and mixed weekly charts are expected to limit initial scope in fresh consolidation beneath 1.3900. Meanwhile, a close below 1.3725 will turn sentiment negative and extend late-August losses below 1.3700 towards 1.3600.