Published: 2025-09-12T15:59:31.000Z
Chart USD/CAD Update: Cautious trade
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Little change, as prices extend cautious trade around 1.3850
| 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
16:30 BST - Little change, as prices extend cautious trade around 1.3850. Daily stochastics are rising, highlighting potential for a move higher towards resistance at 1.3900. But the positive daily Tension Indicator is flattening and broader weekly charts are mixed, suggesting any initial tests could give way to consolidation. A close above here would improve sentiment and open up critical resistance at 1.4000/20. Meanwhile, support remains at congestion around 1.3800. But a close below strong support at the 1.3725 weekly low of 29 August is needed to turn sentiment negative and extend late-August losses below 1.3700 towards 1.3600.