Published: 2025-12-12T17:04:21.000Z
Chart USD/CAD Update: Cautious trade - studies under pressure
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Little change, as prices extend cautious trade around support at the 1.3770 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4000 | * | break level | S1 | 1.3770 | ** | 61.8% ret of Jun-Nov rally | |
| R3 | 1.3950 | * | break level | S2 | 1.3720~ | ** | Aug-Sep lows | |
| R2 | 1.3900 | ** | break level | S3 | 1.3680 | ** | 76.4% ret of Jun-Nov rally | |
| R1 | 1.3800 | ** | congestion | S4 | 1.3600 | * | congestion |
Asterisk denotes strength of level
16:35 GMT - Little change, as prices extend cautious trade around support at the 1.3770 Fibonacci retracement. Intraday studies are rising, suggesting room for a test above congestion resistance at 1.3800. But negative daily readings and bearish weekly charts should limit scope in renewed selling interest beneath 1.3900. Following cautious trade, fresh losses are looked for. A close below 1.3770 will add weight to already bearish price action and extend November losses towards the 1.3720~ lows from August-September.