Published: 2026-04-10T10:43:39.000Z
Chart EUR/CAD Update: Poised to extend March gains
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Little change, as prices extend pressure on strong resistance at congestion around 1.6200 and the 1.6210 Fibonacci retracement
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6393 | ** | 27 Jan YTD high | S1 | 1.6150 | * | congestion | |
| R3 | 1.6300 | * | congestion | S2 | 1.6100 | ** | break level | |
| R2 | 1.6250 | congestion | S3 | 1.6025 | * | recent lows | ||
| R1 | 1.6200/10 | ** | congestion; 76.4% ret | S4 | 1.6000 | ** | congestion |
Asterisk denotes strength
11:30 BST - Little change, as prices extend pressure on strong resistance at congestion around 1.6200 and the 1.6210 Fibonacci retracement. Intraday studies have turned higher and both daily and weekly charts are rising, highlighting room for a break and extension of March gains towards congestion around 1.6250. However, already overbought daily stochastics could limit any initial tests in consolidation before focus turns to congestion around 1.6300. Meanwhile, support remains at 1.6150. A close beneath here, if seen, will stabilise sentiment and prompt consolidation above support at 1.6100.