Published: 2025-12-04T16:45:35.000Z
Chart USD/CAD Update: Choppy trade - studies under pressure
2
Little change, as prices extend choppy trade around support at the 1.3950 break level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4140 | ** | 5-6 Nov (w) high | S1 | 1.3950 | * | break level | |
| R3 | 1.4100 | * | break level | S2 | 1.3900 | ** | break level | |
| R2 | 1.4050 | * | break level | S3 | 1.3850 | * | congestion | |
| R1 | 1.4000 | * | break level | S4 | 1.3800 | ** | congestion |
Asterisk denotes strength of level
16:20 GMT - Little change, as prices extend choppy trade around support at the 1.3950 break level. Daily readings are under pressure and overbought weekly stochastics are unwinding, suggesting room for further losses in the coming sessions. A break will open up 1.3900, with a further close beneath here turning sentiment negative and extending November losses initially to congestion around 1.3850. Meanwhile, resistance remains at 1.4000. An unexpected close above here will turn sentiment neutral and prompt consolidation beneath 1.4050.