Published: 2026-01-13T11:35:00.000Z
Chart EUR/CAD Update: Cautious trade
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Consolidation around congestion resistance at 1.6200 has given way to a pullback to 1.6170~
| 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
11:50 GMT - Consolidation around congestion resistance at 1.6200 has given way to a pullback to 1.6170~, before bouncing smartly to once again pressure 1.6200. Mixed intraday studies suggest potential for further consolidation around here, before rising daily readings prompt a break and open up resistance at 1.6250. However, mixed weekly charts are expected to limit any initial tests in fresh consolidation. Meanwhile, support remains at congestion around 1.6150. A break beneath here, if seen, should be limited in renewed buying interest/consolidation above further congestiona round 1.6100.