Chart USD/CAD Update: Limited bounce from fresh 2025 year low
Anticipated losses have posted a fresh 2025 year low at 1.3828
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | congestion | S1 | 1.3828 | * | current YTD low | ||
| R3 | 1.4100 | break level | S2 | 1.3815 | ** | 6 Nov (m) low | ||
| R2 | 1.4000 | * | break level | S3 | 1.3745 | ** | 76.4% ret of Sep-Feb rally | |
| R1 | 1.3900 | * | congestion | S4 | 1.3700 | break level |
Asterisk denotes strength of level
16:45 BST - Anticipated losses have posted a fresh 2025 year low at 1.3828, where rising intraday studies are unwinding positive divergence and prompting a bounce back to 1.3900. Daily readings continue to track lower and longer-term charts are also bearish, highlighting difficulty sustaining any immediate break. Resistance at 1.4000 should provide a strong barrier into any immediate break. Following cautious trade, fresh losses are looked for. A later break below the 1.3815 monthly low of 6 November will extend February losses towards the 1.3745 Fibonacci retracement. But already oversold daily and weekly stochastics could limit any initial tests in consolidation.