Published: 2025-04-22T12:59:57.000Z
Chart EUR/CAD Update: Balanced beneath fresh 5-year highs
Senior Technical Strategist
-
Anticipated gains have posted a fresh 2025 year high around 1.5960
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6200 | * | historic congestion | S1 | 1.5800 | congestion | ||
| R3 | 1.6150~ | ** | Mar 2018 (y) high | S2 | 1.5700 | break level | ||
| R2 | 1.5990/00 | ** | Mar 2020 (y) high; cong | S3 | 1.5600 | * | congestion | |
| R1 | 1.5960 | * | 21 Apr YTD high | S4 | 1.5500 | ** | congestion |
Asterisk denotes strength
13:20 BST - Anticipated gains have posted a fresh 2025 year high around 1.5960, before settling back as overbought intraday studies unwind. A break below 1.5900 is highlighted, but rising daily and weekly charts, alongside positive longer-term readings, are expected to limit any break in renewed buying interest towards 1.5800. Following cautious trade, fresh gains are looked for. Resistance is up to the 1.5990 year high of March 2020 and congestion around 1.6000. A close above here will turn sentiment positive and extend August 2022 gains towards the 1.6150~ year high of March 2018.