Published: 2025-10-17T11:17:57.000Z
Chart EUR/CAD Update: Fresh year high
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The break above 1.6400 has posted a fresh year high around 1.6465
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6700 | * | historic congestion | S1 | 1.6400 | ** | 3 Oct (w) high, congestion | |
| R3 | 1.6590 | ** | 61.8% ret of 1995-2012 fall | S2 | 1.6300 | * | historic congestion | |
| R2 | 1.6500 | * | historic congestion | S3 | 1.6200 | * | congestion | |
| R1 | 1.6465~ | fresh year high | S4 | 1.6150 | ** | 38.2% ret of Jul-Oct rally |
Asterisk denotes strength
11:55 BST - The break above 1.6400 has posted a fresh year high around 1.6465, before settling back as intraday studies turn down, to trade around 1.6400. A test beneath here cannot be ruled out. But rising daily stochastics and the positive daily Tension Indicator are expected to limit scope in renewed buying interest above congestion around 1.6300. Following cautious trade, fresh gains are looked for. A close back above 1.6400 would improve price action and extend long-term gains towards historic congestion around 1.6500.