Published: 2025-10-16T11:18:00.000Z
Chart EUR/CAD Update: Critical resistance at 1.6400
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Choppy trade has given way to a fresh high around 1.6375
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6590 | ** | 61.8% ret of 1995-2012 fall | S1 | 1.6300 | * | historic congestion | |
| R3 | 1.6500 | * | historic congestion | S2 | 1.6200 | * | congestion | |
| R2 | 1.6400 | ** | 3 Oct YTD high, congestion | S3 | 1.6150 | ** | 38.2% ret of Jul-Oct rally | |
| R1 | 1.6375 | current day high | S4 | 1.6100 | ** | congestion |
Asterisk denotes strength
11:40 BST - Choppy trade has given way to a fresh high around 1.6375, before settling lower into consolidation around 1.6360. Intraday studies are turning down, highlighting room for a minor pullback. But rising daily readings are expected to limit initial scope in renewed buying interest above congestion support at 1.6300. Meanwhile, critical resistance remains at the 1.6400 current year high of 3 October. A close above here would turn sentiment positive and extend long-term gains towards historic congestion around 1.6500. However, mixed/negative weekly charts could prompt fresh selling interest towards here.