Published: 2025-09-25T07:30:31.000Z
Chart USD/CAD Update: Retest 1.3900/25, 2-month range highs
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Follow-through above the 1.3800 level see prices extending bounce from the 1.3720 low to retest the 2-month range highs at 1.3900/25
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4100 | * | congestion | S1 | 1.3800 | * | Jun high, congestion | |
| R3 | 1.4000/20 | ** | congestion, 38.2% | S2 | 1.3720 | ** | Aug low | |
| R2 | 1.3925 | ** | Aug high | S3 | 1.3700 | * | congestion | |
| R1 | 1.3892 | * | 11 Sep high | S4 | 1.3600 | * | congestion |
Asterisk denotes strength of level
07:25 GMT - Follow-through above the 1.3800 level see prices extending bounce from the 1.3720 low to retest the 2-month range highs at 1.3900/25. The latter also marks equidistant channel resistance from the June low and where reaction can be expected. Clearance, if seen, will open up room for stronger gains to retrace the February/June losses to the 1.4000/20 congestion and 38.2% Fibonacci level. Meanwhile, support is raised to the 1.3800 level which should now underpin and sustain bounce from the 1.3720 August/September range low.