Published: 2025-09-23T08:22:03.000Z
Chart USD/CAD Update: Higher in choppy trade within a 2-month range area
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Higher in choppy trade from the 1.3720/25 August/September lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4100 | * | congestion | S1 | 1.3800 | * | Jun high, congestion | |
| R3 | 1.4000/20 | ** | congestion, 38.2% | S2 | 1.3720 | * | Aug low | |
| R2 | 1.3925 | ** | Aug high | S3 | 1.3700 | * | congestion | |
| R1 | 1.3892 | * | 11 Sep high | S4 | 1.3600 | ** | congestion |
Asterisk denotes strength of level
08:15 GMT - Higher in choppy trade from the 1.3720/25 August/September lows and regaining the 1.3800 level return focus to the 1.3892/1.3925 range highs. This area also marks channel resistance from the June low and where reaction can be expected. Clearance, if seen, will open up room for stronger gains to retrace the February/June losses to the 1.4000/20 congestion and 38.2% Fibonacci level. Meanwhile, support is raised to the 1.3800 level which should now underpin and sustain bounce from the 1.3720/25 support.