Published: 2025-09-15T15:53:43.000Z
Chart USD/CAD Update: Leaning lower
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Cautious trade around 1.3850 is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | ** | congestion | S1 | 1.3800 | * | congestion | |
| R3 | 1.4170 | ** | 50% ret of Feb-Jun fall | S2 | 1.3725 | * | 29 Aug (w) low | |
| R2 | 1.4000/20 | ** | break level; 38.2% ret | S3 | 1.3700 | ** | congestion | |
| R1 | 1.3900 | ** | break level | S4 | 1.3600 | ** | congestion |
Asterisk denotes strength of level
16:40 BST - Cautious trade around 1.3850 is giving way to a drift lower, as intraday studies turn down, with prices currently pressuring congestion support at 1.3800. Daily readings are also coming under pressure, highlighting room for a test beneath here. Focus will then turn to the 1.3725 weekly low of 29 August. But improving weekly charts are expected to limit any initial tests in consolidation. A close beneath here, however, will turn sentiment negative and extend late-August losses below 1.3700 towards 1.3600. Meanwhile, resistance remains at 1.3900 and should cap any immediate tests higher.