Published: 2025-11-27T08:14:00.000Z
Chart USD/CAD Update: Extending pullback from 1.4130/40 highs
6
Consolidation at the 1.4100 level has given way to break of the 1.4080 support to open up room for deeper pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | * | congestion | S1 | 1.4000 | * | congestion | |
| R3 | 1.4165 | * | 50% Feb/Jun fall | S2 | 1.3970 | * | 18 Nov low | |
| R2 | 1.4140 | ** | 5,6 Nov highs | S3 | 1.3925/00 | * | Aug high, congestion | |
| R1 | 1.4080 | * | Oct high | S4 | 1.3800 | ** | congestion |
Asterisk denotes strength of level
08:10 GMT - Consolidation at the 1.4100 level has given way to break of the 1.4080 support to open up room for deeper pullback to the 1.4000 level. Daily and weekly studies are unwinding overbought readings and see room for break here and the 1.3970 support to open up room for deeper pullback to retrace the June/November rally. Lower will see potential to strong support at 1.3925/00 congestion area. Meanwhile, resistance is at 1.4080 high of October and extends to 1.4100 congestion which should cap and sustain pullback from 1.4130/40 highs.