Published: 2025-11-21T16:39:21.000Z
Chart USD/CAD Update: Extending pressure on strong resistance
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Little change, as prices extend pressure on resistance within the 1.4100 break level and the 1.4140 weekly high of 5-6 November
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4200 | ** | break level | S1 | 1.4050 | * | break level | |
| R3 | 1.4170 | ** | 50% ret of Feb-Jun fall | S2 | 1.4000 | * | break level | |
| R2 | 1.4140 | ** | 5-6 Nov (w) high | S3 | 1.3950 | * | pivot | |
| R1 | 1.4100 | * | break level | S4 | 1.3900 | ** | break level, 50% ret |
Asterisk denotes strength of level
16:05 GMT - Little change, as prices extend pressure on resistance within the 1.4100 break level and the 1.4140 weekly high of 5-6 November. Daily readings have ticked higher and broader weekly charts continue to improve, highlighting room for further strength in the coming sessions. But a close above 1.4140 is needed to turn sentiment positive and extend June gains towards the 1.4170 Fibonacci retracement. Meanwhile, support remains down to the 1.4050 break level and should underpin any immediate setbacks.