Published: 2026-09-11T16:27:19.000Z
Chart USD/CAD Update: Further gains to remain limited
1
Consolidation has given way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4050 | congestion | S1 | 1.3850 | congestion | |||
| R3 | 1.4000 | ** | break level | S2 | 1.3800 | ** | congestion | |
| R2 | 1.3950 | congestion | S3 | 1.3730~ | ** | 21 Aug (m) low | ||
| R1 | 1.3900 | * | congestion | S4 | 1.3715 | ** | 76.4% ret of May-Jun rally |
Asterisk denotes strength of level
16:25 BST - Consolidation has given way to further gains, with prices currently balanced around 1.3865 in CAD-driven trade. Daily readings and oversold weekly stochastics have ticked higher, suggesting room for continuation towards congestion resistance at 1.3900. But the bearish weekly Tension Indicator and deteriorating longer-term charts should limit any further strength in profit-taking/consolidation beneath 1.3950.
Meanwhile, support is at 1.3850. Any immediate tests beneath here should be limited in consolidation above 1.3800.