Published: 2026-01-09T11:43:32.000Z
Chart EUR/CAD Update: Leaning lower
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Little change, as negative intraday studies keep near-term sentiment under pressure
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6340 | ** | 13 Nov (m) high | S1 | 1.6150 | * | congestion | |
| R3 | 1.6300 | * | congestion | S2 | 1.6100 | * | congestion | |
| R2 | 1.6250 | break level | S3 | 1.6061/65 | * | 8-31 Dec (m) lows | ||
| R1 | 1.6200 | * | congestion | S4 | 1.6035 | ** | 61.8% ret of Jul-Oct rally |
Asterisk denotes strength
11:30 GMT - Little change, as negative intraday studies keep near-term sentiment under pressure and extend consolidation around congestion support at 1.6150. Overbought daily stochastics are unwinding, suggesting room for a test beneath here towards further congestion around 1.6100. But the rising daily Tension Indicator and mixed weekly charts are expected to limit any immediate continuation beneath here in consolidation above strong support at the 1.6061/65 monthly lows from 8-31 December. Meanwhile, resistance remains at congestion around 1.6200. A break above here, if seen, should give way to consolidation beneath 1.6250.