Published: 2025-10-13T15:57:21.000Z
Chart USD/CAD Update: Extending pressure on 1.4000/20 - background studies rising
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Little change, as prices extend pressure on strong resistance at 1.4000/20
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4300 | * | congestion | S1 | 1.3950 | * | pivot | |
| R3 | 1.4200 | ** | break level | S2 | 1.3900 | ** | break level | |
| R2 | 1.4170 | ** | 50% ret of Feb-Jun fall | S3 | 1.3800 | * | congestion | |
| R1 | 1.4000/20 | ** | break level; 38.2% ret | S4 | 1.3725 | * | 29 Aug (w) low |
Asterisk denotes strength of level
16:45 BST - Little change, as prices extend pressure on strong resistance at 1.4000/20. Daily studies have turned positive and weekly charts continue to rise, highlighting room for fresh gains in the coming sessions. A close above here will improve sentiment and confirm continuation of June gains. Focus will then turn to the 1.4170 Fibonacci retracement, where already overbought daily stochastics could prompt renewed selling interest/consolidation. Meanwhile, support remains at 1.3950. A close beneath here, if seen, would turn sentiment neutral and give way to consolidation above 1.3900.