Published: 2026-01-02T16:40:28.000Z
Chart USD/CAD Update: Gains to remain limited
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Anticipated gains have reached resistance at the 1.3720~ lows from August-September
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3900 | ** | break level | S1 | 1.3640 | * | 26 Dec (w) low | |
| R3 | 1.3850 | congestion | S2 | 1.3600 | * | congestion | ||
| R2 | 1.3800 | ** | congestion | S3 | 1.3539 | ** | 16 Jun YTD low | |
| R1 | 1.3720~ | ** | Aug-Sep lows | S4 | 1.3500 | ** | congestion |
Asterisk denotes strength of level
16:20 GMT - Anticipated gains have reached resistance at the 1.3720~ lows from August-September, where a tick lower in intraday studies is prompting short-term reactions. Daily readings continue to rise, highlighting room for a break above here. But mixed/negative weekly readings are expected to limit scope in renewed selling interest/consolidation beneath congestion around 1.3800. Meanwhile, support remains at the 1.3640 weekly low of 26 December. A close beneath here, not yet seen, would turn sentiment negative and extend November losses initially towards congestion around 1.3600.