Published: 2026-06-24T11:11:18.000Z
Chart EUR/CAD Update: Lower towards 1.6100
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Consolidation around 1.6150 has given way to the anticipated break
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6300 | ** | congestion | S1 | 1.6100 | ** | break level | |
| R3 | 1.6250~ | ** | 14 Apr (m) high | S2 | 1.6050 | congestion | ||
| R2 | 1.6200 | ** | congestion | S3 | 1.6035 | * | 8 Jun (m) low | |
| R1 | 1.6150 | * | break level | S4 | 1.6000 | ** | congestion |
Asterisk denotes strength
11:35 BST - Consolidation around 1.6150 has given way to the anticipated break, as intraday studies turn down once again, with focus turning to support at 1.6100. Daily readings are also bearish and overbought weekly stochastics are turning down, highlighting room for a later break beneath here into support within the 1.6035/50 range. By-then oversold daily stochastics could limit any initial tests in consolidation, before a further break extends mid-June losses towards congestion around 1.6000. Meanwhile, a close back above resistance at 1.6150 would help to stabilise sentiment and prompt consolidation beneath congestion resistance at 1.6200.