Published: 2025-12-01T07:56:16.000Z
Chart USD/CAD Update: Extending pullback from November high
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Sharply lower through support at the 1.4000 congestion and 1.3970 support to confirm a double top at the 1.4130/40, November highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4165 | * | 50% Feb/Jun fall | S1 | 1.3925/00 | ** | Aug high, congestion | |
| R3 | 1.4130/40 | ** | Nov highs | S2 | 1.3800 | * | congestion | |
| R2 | 1.4080 | * | Oct high | S3 | 1.3720 | ** | Aug, Sep lows | |
| R1 | 1.4000 | * | congestion | S4 | 1.3700 | * | congestion |
Asterisk denotes strength of level
07:50 GMT - Sharply lower through support at the 1.4000 congestion and 1.3970 support to confirm a double top at the 1.4130/40, November highs. Daily and weekly studies are tracking lower as prices unwind overbought readings and lower will see room for deeper pullback to retrace the June/November rally. Lower will see potential to strong support at 1.3925/00, August high and congestion area. Meanwhile, resistance is lowered to the 1.4000 congestion which is expected to cap and sustain pullback from 1.4130/40 highs.