Published: 2026-10-30T17:40:13.000Z
Chart USD/CAD Update: Room for lower in CAD-dominant trade
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Consolidation has given way to anticipated selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4135 | * | break level | S1 | 1.3950 | ** | 61.8% ret of Aug-Oct rally | |
| R3 | 1.4100 | minor congestion | S2 | 1.3900 | * | congestion | ||
| R2 | 1.4050 | break level | S3 | 1.3870 | ** | 76.4% ret of Aug-Oct rally | ||
| R1 | 1.4000 | ** | congestion | S4 | 1.3800 | * | congestion |
Asterisk denotes strength of level
16:55 GMT - Consolidation has given way to anticipated selling interest, with prices currently pressuring support at the 1.3950 Fibonacci retracement in CAD-dominant trade. Daily readings remain under pressure and broader weekly charts are also bearish, highlighting room for deeper losses in the coming sessions. A close beneath here will add weight to already negative price action and extend October losses towards congestion around 1.3900.
Meanwhile, resistance is lowered to congestion around 1.4000. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath 1.4050.