Published: 2026-09-14T15:27:20.000Z
Chart USD/CAD Update: Higher in USD- and CAD-driven trade
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Consolidation has given way to a break in USD- and CAD-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | ** | break level | S1 | 1.3900 | * | congestion | |
| R3 | 1.3985 | ** | 50% ret of Jun-Aug fall | S2 | 1.3850 | congestion | ||
| R2 | 1.3950 | congestion | S3 | 1.3800 | ** | congestion | ||
| R1 | 1.3925 | * | 38.2% ret of Jun-Aug fall | S4 | 1.3730~ | ** | 21 Aug (m) low |
Asterisk denotes strength of level
16:15 BST - Consolidation has given way to a break in USD- and CAD-driven trade, with prices currently pressuring resistance at the 1.3925 Fibonacci retracement. Daily readings have ticked higher and oversold weekly stochastics are unwinding, suggesting room for continuation towards congestion around 1.3950. But already overbought daily stochastics should limit any immediate continuation beyond here in profit-taking towards the 1.3685 retracement and 1.4000.
Meanwhile, support is raised to congestion around 1.3900. A close back beneath here would help to stabilise sentiment and prompt consolidation above further congestion around 1.3850.